NAMI CORP. (OTCMKTS:NINK) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
Entry into River Sand Mining Agreement
On September 6, 2019, SBS Mining Corp. Malaysia Sdn. Bhd. (“SBS”), a wholly owned subsidiary of NAMI Corp. (the “Group”), entered into a mining agreement with Wan Ismail bin Wan Ahmad (the “Donor”) to which the Donor granted to SBS the sole and exclusive rights to mine for river sand and other materials from a 1.9040 hectare (4.7 acre) plot of land located at Kampung Tiram, district of Kuala Kuantan, Kuantan, Malaysia (the “Concession”) for which the Donor had received a lease license from the State Government of Pahang. SBS shall pay the Donor a fixed monthly rate for the sole and exclusive rights to mine the Concession.
With the grant of the sole and exclusive rights of the aforementioned mining Concession for river sand, the Group expands its current business portfolio to river sand mining and trading. Meanwhile, the Group plans to continue acquiring strategic mining concessions to enhance its river sand mining division.
About NAMI CORP. (OTCMKTS:NINK)
Nami Corp., formerly Pack Fuerte, Inc.. is a shell company. The Company is a development-stage company, which intends to develop a built in safe with a combination lock that can store personal and or valuable items, inside of backpacks, carry-on luggage and suitcases. The Company has no products. As of November 30, 2015, the Company had no operations. As of November 30, 2015, the Company did not generate any revenue.
