VANCOUVER, Dec. 20 /CNW/ - Nanika is pleased to announce that the TSX
Venture Exchange has accepted for filing documentation pursuant to a
purchase and sale agreement between the company and Efrem Specogna
dated July 27, 2010. As per the terms of the agreement, the company
will acquire 100-per-cent interest in two mineral claims located in the
Stewart, B.C., area. In consideration, the company will pay $5,000 cash
and issue 50,000 shares at a deemed price of five cents per share to
About Nanika Resources Inc.
Nanika Resources Inc. is a TSX Venture listed mineral exploration and
Development Company focusing on the advancement of its mineral
properties, all of which are located within Canada.
On Behalf of the Board,
James D. Jacuta,
Chairman, President and CEO
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Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada (IIROC) accepts responsibility for the adequacy
or accuracy of this release.
SOURCE NANIKA RESOURCES INC.
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