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Nebu Announces Mallard Property Amendment Agreement |
March 11, 2011
TORONTO, ONTARIO--(Marketwire - March 11, 2011) - Nebu Resources Inc. ("Nebu" or the "Company") (TSX VENTURE:NBU) announced that it has entered into an amendment agreement (the "Amended Agreement") to vary the agreement (the "Option Agreement"), pursuant to which the Company has an option to acquire a 100% interest in an extensive, highly prospective land position (the "Mallard Property") adjacent to the north of the Augen Gold Corp.'s Jerome Property, and northwest of Trelawney Mining and Exploration Inc.'s Cote Lake Property (the "Acquisition") (see press release dated February 22, 2011 available on SEDAR at www.sedar.com for further details of the Mallard Property). Pursuant to the Amended Agreement the parties have agreed to vary the Option Agreement so that Bruce Durham ("Durham"), one of the five vendors under the Option Agreement and a Non Arm's Length Party to the Company by virtue of being a director of Nebu, is no longer a party to the Option Agreement. Any obligation owed to
http://www.marketwire.com/mw/release.do?id=1410200&sourceType=3
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