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Home > News > Nirek Resources Inc. Raising $2.0 Million for Exploration Programs

Nirek Resources Inc. Raising $2.0 Million for Exploration Programs

Ontario, Canada –September 11, 2007 – Nirek Resources Inc. (‘Nirek’) (Frankfurt: 3N6) is pleased to report that it is in negotiations to raise a minimum of CND$2,000,000 for its exploration program in the Kirkland Lake projects. This private placement offering will consist of flow-through shares to be priced at a minimum premium of fifteen percent of current market conditions. This will present investors with extremely favourable tax and capital gain benefits. Proceeds of the private placement will be used for exploration of the Gosselin Veins project, Kirana Goldfields project and any new project, option payments on Nirek's mineral properties, general and administrative expenses and working capital.

Nirek is continuing to evaluate projects that are being presented to its executive management team and is confident that it will achieve its mandate of interests in at least 5 projects before year-end.

Nirek is finalizing drilling dates on the Kirana Goldfields – “Kirana Break” project and Gosselin Veins project.

About Nirek Resources Inc.
Nirek Resources Inc. (“NIREK”) is a Canadian exploration company that is 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.

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.

Contact:
Nirek Resources Inc.
Investor Relations.

Website: www.nirekresources.com
E-mail: info@nirekresources.com

 
 
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