Precedent for Nirek Gold Bullion Bar Warrant Application on Frankfurt
Exchange
TORONTO, ONTARIO--(Marketwire - November 15, 2007) - Nirek Resources
Inc. ("Nirek") (FRANKFURT: 3N6)(CUSIP:654641 10 9)(WKN: A0MTW5) is
pleased to announce that they received the CUSIP for the special gold
bullion bar warrant (CUSIP: 654641117)(ISIN: CA 6546411175) to
shareholders of Nirek of record date November 30, 2007. Nirek has
filed for listing of the warrant on the Frankfurt Stock Exchange.
For every ten thousand (10,000) shares of Nirek owned by the holder
at the record date of November 30,2007, the holder will receive 1
warrant of Nirek. The warrant will allow the holder to purchase a 1
ounce gold bullion bar at an exercise price of $500.00 CAD payable to
Nirek Resources Inc. to be redeemed by the holder at a designated
bank in Zurich, Switzerland on or before March 31, 2010.
For every ten thousand (10,000) shares of Nirek acquired between
December 1-31, 2007, the holder will receive 1 warrant of Nirek. The
warrant will allow the holder to purchase a 1 ounce gold bullion bar
at an exercise price of $600.00 CAD payable to Nirek or to be
redeemed by the holder at a designated bank in Zurich, Switzerland on
or before March 31, 2010.
For every ten thousand (10,000) shares of Nirek acquired between
January 1-31, 2008, the holder will receive 1 warrant of Nirek. The
warrant will allow the holder to purchase a 1 ounce gold bullion bar
at an exercise price of $700.00 CAD payable to Nirek or to be
redeemed by the holder at a designated bank in Zurich, Switzerland on
or before March 31, 2010.
In any event, for every ten thousand (10,000) shares of Nirek owned,
a holder will only receive 1 warrant of Nirek, regardless of the date
of acquiring the shares from today's date to January 31, 2008.
The principle objective of Nirek Resources Inc. is to enhance and
develop known mineral properties to production potential.
The company is well financed to continue its exploration program into
2008.
About Nirek Resources Inc.
Nirek Resources Inc. ("NIREK") is a Canadian exploration company
focused on exploring for precious and base metals in US and Canada.
Its goal is to become one of Canada's major gold and precious metals
producers through a series of joint ventures and mine and property
acquisitions. It is the company's ambition to fulfill drilling
requirements necessary to estimate a NI 43-101 compliant resource.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995: The statements contained herein which are not historical
are forward-looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed in the forward-looking statements, including,
but not limited to, certain delays beyond the company's control with
respect to market acceptance of new technologies or products, delays
in testing and evaluation of products, and other risks detailed from
time to time in the Company's filings with the Securities and
Exchange Commission.
Contacts:
Nirek Resources Inc.
Richard Ross
(416) 603-1555
Email: info@nirekresources.com
Website: www.nirekresources.com
