NEWS Noka receives TSX-V acceptance for Lodge Pole options
Ticker Symbol: C:NX
Noka receives TSX-V acceptance for Lodge Pole options
Noka Resources Inc (C:NX)
Shares Issued 33,349,233
Last Close 4/22/2014 $0.09
Thursday April 24 2014 - News Release
Mr. Nav Dhaliwal reports
NOKA CLOSES LODGE POLE POINT PROJECT, ATHABASCA BASIN, SK.
On April 21, 2014, the TSX Venture Exchange accepted for filing two option agreements with arm's-length vendors, by which Noka Resources Inc. can earn 100-per-cent interest in the Lodge Pole Point project, which covers approximately 4,773 hectares at Cree Lake on the southern border of the Athabasca basin in Saskatchewan.
The company can earn a 100-per-cent interest in the project by issuing six million common shares to the vendors. The company must make additional payments totalling $1.6-million over the next 48 months and completing $2-million in exploration expenditures on the property within four years. A 1-per-cent net smelter returns royalty has also been granted to the vendors, of which 0.5 per cent may be purchased by the company for $1.5-million.
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