Nebo Capital Corp. (the "Corporation") (TSX VENTURE:NBO.P) is pleased to announce that it has entered into a letter of intent dated November 29, 2013 (the "Letter of Intent") with Lara Exploration Ltd. ("Lara") and privately held Kiwanda Mines (NA) LLC ("Kiwanda"), wherein the Corporation will acquire the interests held by Lara and Kiwanda in certain mineral exploration properties and assets (the "Properties") located in Colombia (the "Acquisition"). Concurrent with the Acquisition, the Corporation intends to consolidate its common shares on a 3-1 basis, change its name and complete the Private Placement, as described below.
The Corporation is a capital pool company and intends for the Acquisition to constitute the "Qualifying Transaction" of the Corporation as such term is defined in the policies of the TSX Venture Exchange (the "Exchange"). The Acquisition is an arm's length transaction. Upon completion of the Acquisition, it is expected that the Corporation will be a Tier 2 Mining Issuer.
Lara is a publicly traded mineral exploration company existing under the laws of British Columbia whose shares trade on the TSX Venture Exchange under the symbol "LRA". Kiwanda is a private limited liability company existing under the laws of the State of Oregon, USA.
