Nanika Resources Inc.

Nanika Resources Inc.

December 02, 2009 17:22 ET

Nanika Announces Corporate Move and Changes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 2, 2009) - Nanika Resources Inc. (TSX VENTURE:NKA)(FRANKFURT:C7X) is pleased to announce the opening of a new corporate head office in Vancouver, BC effective immediately. The new office is located at Suite 725, 625 Howe Street, Vancouver, British Columbia, V6C 2T6 in the Standard Life Building. Nanika's President, James Jacuta, said, "This office represents another step in our on-going overhead cost reductions. Substantial savings will be achieved in our monthly burn rate as a result of these changes being made. This new office is a better fit for Nanika and it will enhance our ability to manage our continuing growth and to solidify our mineral exploration and development presence."

Nanika is also pleased to announce corporate changes with Mr. Ross Blusson taking on the position of Chief Financial Officer. Ross is well known in the mining community and has served on the board of Nanika and other public companies in various capacities for many years, including the position of CFO. Nanika also thanks Mr. Conrad Swanson for his contributions to Nanika. Conrad has provided his resignation as a director of Nanika and this will allow him to spend more time on his President and CEO responsibilities with two other publicly listed Companies.

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

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Nanika Resources Inc.
    Matthew Emery
    604-638-0699 or Toll Free: 1-866-580-0699
    Nanika Resources Inc.
    Douglas Kerr
    604-638-0699 or Toll Free: 1-866-580-0699