Toronto, Ontario / ACCESSWIRE / July 14, 2014 / Nebu Resources Inc. (TSXV: NBU) (the "Company") is pleased to announce that it has issued 6,400,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of $320,000. Each Unit consists of one common share and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one common share of the Company (the "Warrant Share") at a price of $0.10 per Warrant Share for a term of 24 months from the closing date.
The Units will be subject to a four month statutory hold period from the date of issuance.
The net proceeds of the Private Placement will be used to fund ongoing exploration activities on the Company’s Cork Lake property, potential expansion of the Company’s overall land package, and for general corporate purposes.
About Nebu Resources Inc.
Nebu Resources Inc. is a junior exploration company focused on gold exploration in the Timmins Gold Camp and West Kirkland Area of Ontario, Canada.
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.
For further information: John V. Hickey, CFO (416) 903-6649