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Nubian Provides Update on Divestment of Excelsior Springs Exploration Project, Nevada, US
Nubian Provides Update on Divestment of Excelsior Springs Exploration Project, Nevada, US...
About this update from Carlton Precious Inc
[{"type":"text","content":"\n \n \n \n Nubian Provides Update on Divestment of Excelsior Springs Exploration Project, Nevada, US\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Sept. 20, 2021\n \n /CNW/ - Nubian Resources Ltd. (TSXV: NBR) (OTCQB: NBRFF) (\"Nubian\" or the \"Company\") is pleased to provide an update on its property option agreement (the \"Property Option Agreement\") with Athena Gold Corporation (\"Athena\") for the divestment of the Company's Excelsior Springs exploration project (the \"Property\") located in\n \n Esmeralda County, Nevada\n \n , USA (see Nubian's press releases dated\n \n August 13, 2020\n \n and\n \n December 13, 2020\n \n ). Nubian is pleased to report that, on\n \n September 1, 2021\n \n , Athena received the receipt of the British Columbia Securities Commission for its long form prospectus dated\n \n August 31, 2021\n \n . This represents a significant milestone toward the completion by Athena of its proposed initial listing (the \"Exchange Listing\") of its common shares (the (\"Athena Shares\") on the Canadian Securities Exchange or another Canadian stock exchange, which is a condition precedent to the exercise of its right to acquire the remaining 90% interest in the Property that it does not already beneficially own.\n \n \n \n \n \n \n \n \n \n \n Martin Walter\n \n , President and CEO of Nubian stated, \"Now that Athena is nearing the completion of the listing of its shares on the Canadian Securities Exchange, we are very pleased with the near term prospects of advancing the divestment of the Excelsior Springs Project unlocking value for Nubian shareholders.\"\n \n \n \n The Property Option Agreement\n \n \n \n On\n \n December 11, 2020\n \n , Nubian, Nubian Resources (\n \n USA\n \n ) Ltd. and Athena entered into the Property Option Agreement, whereby Athena was granted the exclusive option to acquire up to a 100% interest in the Property (the \"Option\"), consisting of 140 unpatented mining claims and two patented mining claims, 45 miles southwest of\n \n Goldfield, Nevada\n \n...