Nebu Announces Resumption of Trading

April 07, 2017 12:28 PM EDT | Source: Nebu Resources Inc.

Toronto, Ontario--(Newsfile Corp. - April 7, 2017) - Nebu Resources Inc. (TSXV: NBU) ("Nebu" or the "Company") announces that it has been advised by the TSX Venture Exchange (the "Exchange") that soon after the dissemination of this news release that the Exchange will be issuing an Exchange bulletin resuming the trading in Company. In addition, Nebu has received notice from the TSX Venture Exchange (the "Exchange") advising Nebu of a deficiency in the Exchange's Tier 2 listing requirements as it has a negative working capital, has not completed sufficient exploration or development expenditures and does not have any active operations. The Exchange has placed the Company on notice, with a deadline of June 7, 2017 by which time the Company is required to provide a submission to the Exchange evidencing that it meets the Tier 2 continuing listing requirements. If the Company is not able to satisfy the Exchange that it meets all Tier 2 continuing listing requirements by June 7, 2017 and has not provided a satisfactory submission, the Exchange will proceed to transfer the Company's listing to NEX, without further notice.

NEX is a separate board of the Exchange for companies previously listed on the Exchange which have failed to maintain compliance with the continued listing requirements of the Exchange. NEX has been designed to provide a forum for the trading of publicly listed companies while they seek and undertake transactions in furtherance of their reactivation as companies which will carry on an active business.

About Nebu Resources Inc.

Nebu Resources Inc. is a junior exploration company focused on gold exploration in the Timmins Gold Camp and the West Kirkland Area of Ontario, Canada.

For further information, contact: Paul Crath, Interim CEO and Director, 416-504-4128.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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