Nubian announces update on esquilache silver-lead-zinc project acquisition agreement
VANCOUVER, Jan. 18, 2019 /CNW/ - Nubian Resources Ltd. ("Nubian" or the "Company") (TSX VENTURE: NBR) announces that it has entered into an amendment agreement with Zinc One Resources Inc. ("Zinc One") on the acquisition terms relating to the Company's purchase of its Esquilache silver-lead-zinc project ("Esquilache") from Zinc One as previously disclosed in press releases issued September 19 and November 28, 2017. Under the revised terms, the four annual advance Net Smelter Return payments of $162,500 have been amended to provide for payments of $22,500 paid on December 27, 2018, the anniversary date of the registration of the acquisition agreement in Peru, $78,613 on July 5, 2019, $37,121 on October 5, 2019, $56,373 on January 5, 2020, and twenty-three payments of $20,313 commencing April 5, 2020 and ending October 5, 2025 on the 5th day of April, July, October and January.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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