2009 News Releases
New Nadina $300,000 Non-brokered Private Placement
GREENWOOD, BRITISH COLUMBIA - New Nadina Explorations Limited (TSX VENTURE: NNA) has arranged a private placement, subject to the approval of the TSX Venture Exchange. The private placement consists of up to 3,000,000 non-flow-through units at a price of $0.10 per unit for gross proceeds of $300,000. Each unit consists of one common share of the Company and one common share purchase warrant, each warrant entitling the holder to purchase one additional common share of the Company for a period of two years, at a price of $0.10 per share in the first year and at a price of$0.15 per share in the second year. The securities issued pursuant to the placees are subject to a hold period expiring four months from date of issue.
Any finders' fees in connection with this private placement will be paid in accordance with the policies of the Exchange.
Proceeds are to be used for general corporate purposes including review of its 100% owned Silver Queen property in preparation for upcoming exploration and as necessary for the 57.49% owned Monument project.
ON BEHALF OF THE BOARD
President and Chief Executive Officer
For further information please visit the website at www.nadina.com or contact Ellen Clements: (800) 856-3966, Larry Widmer: (250) 878-5099
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release.