03:43 PM EST - Nanika Resources Inc. : said that it has closed the transaction to acquire the Herb Lake Manitoba property. The company has paid $46,000 in consideration for 100% of the Herb Lake property and there is a 2% Net Smelter Royalty payable upon any commercial production. Nanika has the right at any time to repurchase one-half of the Net Smelter Royalty (1.0%) for $500,000. Nanika Resources Inc.
shares V.NKA are trading even at $0.05.
