New Nadina closes $530,000 Tranche 2
May 12, 2011: GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA) has closed the second Tranche of the financing announced March 23, 2011 and amended April 21, 2011. Flow Through eligible proceeds of $330,000 have been received for 3,300,000 shares issued. Non-flow Through units proceeds of $200,000 have been received for 2,000,000 shares and 2,000,000 warrants issued. Shares under this issuance cannot be traded before September 13, 2011.
The program on the Silver Queen property located south of Houston in Central BC has commenced with 700 line kilometers of airborne ZTEM geophysics (Z-Axis Tipper Electromagnetic). The key feature of this method is the modern digital electronics and signal processing deliver exceptionally low-noise levels and in some regions are reported to have depth of 1500 meters. Masking by overburden has previously been problematic on this property. Ground Induced Polarization will follow in conjunctions with line cutting, prospecting, alteration mapping, soil sampling, 3D GIS model data compilation. Drilling is scheduled to start September 2, 2011.
ON BEHALF OF THE BOARD
President and Chief Executive Officer
Contact Ellen Clements: 250 444 1005
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