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Nubian Resources to Re-Start Exploration at Fosterville East Gold Project and Announces Non-Brokered $600,000 Private Placement

Nubian to Re-Start Exploration at the Fosterville East Gold Project and Announces Non-Brokered $600,000 Private Placement

Nubian Resources Ltd. is pleased to announce that the Company is moving forward with the next phase of exploration work including a comprehensive air-core drilling program at its Fosterville East Gold project in , Australia . Fosterville East covers. - Veroeffentlicht am 11.04.2024

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Nubian to Re-Start Exploration at the Fosterville East Gold Project and Announces Non-Brokered $600,000 Private Placement

Nubian to Re-Start Exploration at the Fosterville East Gold Project and Announces Non-Brokered $600,000 Private Placement
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Nubian Finalizes Option Agreement for Divestment of Excelsior Springs Exploration Project, Nevada, US

Share: TORONTO, Dec. 15, 2020 /CNW/ - Nubian Resources Ltd. ( Nubian or the Company ) (TSXV:NBR) is pleased to announce that, further to its news release of August 31, 2020, the Company has entered into an option agreement with Athena Silver Corporation (OTCQB:AHNR) ( Athena ) for Athena to acquire 100% of the Company s Excelsior Springs exploration project located in Esmeralda County, Nevada, USA (the Property ). Nubian will retain a 1% NSR on the Property and Athena will have the right to purchase 0.5% for $500,000 and the remaining 0.5% at fair market value. The completion of the transaction is conditional upon the Company obtaining the prior approval of the transaction from the TSX Venture Exchange (the TSXV ) and any other approvals required under applicable laws.

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