NYAH Announces SARB Approval

Nyah Resources Corp. (TSXV:NRU) reports approval from the South African Reserve Bank (“SARB”) of the acquisition by Forbes Coal of all of the issued and outstanding shares of Slater Coal (Pty) Ltd. 

Forbes Coal has agreed to undertake to list the common shares of the Corporation on the Johannesburg Stock Exchange within 12 months of the date hereof.  In addition, SARB  has requested that the mechanics of the transfer of the issued and outstanding shares of Slater Coal (the “Slater Coal Shares“) to Forbes Coal as set out in the Slater Coal Agreement be revised.

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