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 the vendor.
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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