Payment on Canada Molybdenum Corp. Joint Venture Received

Nanika Resources Inc. (TSXV:NKA) announces that “Canada Molybdenum Corp.” has received the second half of the $500,000 signing payment.

The press release is quoted as saying:

The joint venture company “Canada Molybdenum Corp.” is responsible for the continued exploration, development and mining right to the “Lucky Ship” molybdenum project located at the “Nanika Ridge” site approximately 85 kilometres southwest of the town of Houston, British Columbia. The rights to further develop the “Lucky Ship” property have been conveyed back to “Canada Molybdenum Corp.” from Nanika.

Click here to access the entire press release