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Nikos Explorations Ltd.

09:51 AM EST - Nikos Explorations Ltd. : Has closed the second tranche of its non-brokered private placement, raising gross proceeds of $310,000 from the issuance of 3,875,000 units priced at $0.08 per Unit, bringing the total raised in two tranches to $546,550. Each Unit consisted of one common share of the Company and one common share purchase warrant entitling the holder thereof to purchase one additional common share of the Company at a price of $0.13 per Warrant Share for a period of two years. Nikos Explorations Ltd. shares V.NIK are trading unchanged at $0.10.