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Nikos to acquire exploration concessions in Nicaragua from private investors

Thursday, March 24, 2011


Nikos Explorations says it intends to acquire all the shares of Fortress de Nicaragua, a private company that owns 16 exploration concessions in Nicaragua.

The Vancouver-based company will issue 20 million of its common shares and an equal number of share purchase warrants to the vendors. The warrants will be exercisable at 10 cents per share for five years from the closing date. Nikos said the vendors are Sirrocco Advisory Services, a private company controlled by Steven Dean, and JAT Metconsult.

Original source: Canadian Business