Nanika Resources Inc.-New Name for New Cantech Ventures Inc.
June 19 2008 - 5:24PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (FRANKFURT: C7X) (the "Company")
announces that effective as at 12:01 am on June 20, 2008 the name
of the Company will change to "Nanika Resources Inc." and that for
trading purposes the stock will trade under a new TSX Venture
Exchange symbol "NKA" with a new CUSIP number 630018109. A share
certificate exchange is not required and there was no consolidation
of share capital issued. The name change was previously approved by
the Annual and Special General Meeting of Shareholders that was
held on May 16, 2008 and the Company has now obtained the required
regulatory approval from the TSX Venture Exchange. The new website
for the Company will be www.nanikaresources.com.
The name change to Nanika Resources Inc. will better reflect the
business of the Company as the Company is positioned to advance in
the future. Company President James Jacuta stated, "The rapid and
successful progression of changes in the last year reflects our
focus on the Lucky Ship Molybdenum Property, which is located in
the area of British Columbia that the aboriginal community named
Nanika. This name change better reflects the Company as we continue
on track with its transition from a pure mineral exploration
company to a developer, and it is my hope to continue onward with
future plans to take the Lucky Ship Molybdenum Property into
production."
About Nanika Resources Inc. (formerly New Cantech Ventures
Inc.)
Nanika Resources Inc. (formerly New Cantech) is a TSX Venture
listed mineral exploration and development company focusing on the
development of its Lucky Ship Molybdenum Property in west central
British Columbia and the advancement of its other mineral
exploration properties, all of which are located within Canada.
On Behalf of the Board
James. D Jacuta, Chairman, President & CEO
Contacts: New Cantech Ventures Inc. Doug Kerr (604) 638-0699 or
Toll Free 1-866-580-0699 Email: kerr@newcantech.com New Cantech
Ventures Inc. Derek Huston: (604) 929-2337 or Toll Free
1-800-665-4288 Website: www.newcantech.com
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