News Release
Nebu Resources Inc. To Trade On TSX Venture Exchange
NEBU RESOURCES INC. ("NBU")
BULLETIN TYPE: New Listing-IPO-Shares
BULLETIN DATE: April 4, 2008
TSX Venture Tier 2 Company
The Company's Initial Public Offering ('IPO') Prospectus dated January 29, 2008, has been filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Ontario Securities Commission on January 30, 2008, pursuant to the provisions of National Policy 43-201 Mutual Reliance Review System For Prospectuses and Annual Information Forms.
The gross proceeds received by the Company for the Offering were $2,871,750 (5,822,499 Flow Through Units at $0.30 per unit, and 4,500,000 Working Capital Units at $0.25 per unit). Note that each Flow Through Unit includes one Flow Through Share and a one half Common Share purchase Warrant for the purchase of a Common Share at $0.50 until October 2, 2009. And that each Working Capital Unit includes one Common Share and one half Common Share purchase Warrant for the purchase one Common Share at $0.50 until October 2, 2009. Also note that the common share purchase warrants will not be listed for trading. The Company is classified as a 'Mining' company.
Commence Date: At the opening Monday, April 7, 2008, the Common shares will commence trading on TSX Venture Exchange.
Corporate Jurisdiction: Ontario
Capitalization: Unlimited common shares with no par value of which 31,025,833 common shares are issued and outstanding.
Escrowed Shares: 5,700,000 common shares and 2,500,000 options will be subject to a Value Security Escrow Agreement and will be released over a 36 month period.
Transfer Agent: Olympia Transfer Services Inc.
Trading Symbol: NBU
CUSIP Number: 63970T 10 0
Agent: Northern Securities Inc.
Agent's Warrants: 929,025 non-transferable Agent Options each option is exercisable into one unit (one Common Share and one half Common Share Purchase Warrant) at $0.25 per share up to April 2, 2010.
For further information, please refer to the Company's Prospectus dated January 29, 2008.
Company Contact: Brian Murray
Company Address: 330 Bay Street - Suite 1120, Toronto, ON M5H 2S8
Company Phone Number: (416) 985-7810
Company Fax Number: (416) 863-4943
