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.
SOURCE Nubian Resources Ltd.