• silverqueenschem1200px
  • silverqueensite1400px
  • linecuttersweb12X3
  • SQrig&cat12X3webpic
  • drillrigpanorama
  • NewNadinamtn1400px

2012 News Releases

SHAREHOLDER RIGHTS PLAN AGREEMENT

November 22, 2012  GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (the “Corporation”, TSX Venture: NNA) announces that it has adopted a shareholder rights plan agreement (the “Plan”).  The Plan will be presented for ratification by the shareholders of the Corporation at their next Annual Meeting which will be held on January 28, 2013.

Under the Plan, the Corporation has issued one right for no consideration in respect of each outstanding common share of the Corporation to all holders of record on November 22, 2012.  All common shares issued by the Corporation during the term of the Plan will have one right represented by the certificates representing the common shares of the Corporation.  The term of the Plan is three years, subject to re‑approval by the shareholders of the Corporation at their 2016 Annual Meeting.

The Plan is intended to provide the Board of Directors with adequate time to consider value-enhancing alternatives to a take-over bid and allow competing bids to emerge, and to provide the shareholders of the Corporation adequate time to properly assess a take-over bid without undue pressure.  The Plan is also intended to ensure that the shareholders of the Corporation are provided equal treatment under a take-over bid.  The Corporation is not currently aware of any pending or threatened take-over bid for the Corporation.

The Rights issued under the Plan become exercisable only if a person acquires 20% or more of the common shares of the Corporation without complying with the “permitted bid” provisions in the Plan, other prescribed exemptions, or without the approval of the Board of Directors of the Corporation.  Should such an acquisition occur, rights holders (other than the acquiring person or related persons) can purchase common shares of the corporation at half the prevailing market price (as defined in the Plan) at the time the Rights become exercisable.  Each Right, upon exercise, would permit the purchase of shares of the Corporation at a substantial discount to the market price.

A “Permitted bid” under the Plan must be made to all shareholders for all shares of the Corporation, and must be open for acceptance for a minimum of 60 days.  If more than 50% of the outstanding shares held by independent shareholders have been tendered and not withdrawn after 60 days, the bidder may take up the shares, but must make a public announcement of that take-up and extend the bid for a further 10 days to allow other shareholders to tender to the bid.

The Plan provides for Permitted Lock-Up Agreements which allow a locked-up person to withdraw shares from a locked-up bid in order to support another bid or transaction that provides for a greater consideration than the lock-up bid, regardless of the number of shares involved.

The TSX Venture Exchange has conditionally accepted the Plan, subject to ratification by the shareholders of the Corporation within 6 months of its adoption.

ON BEHALF OF THE BOARD

“Signed”

Ellen Clements

President and Chief Executive Officer

For further information please visit the website at www.nadina.com

or contact Ellen Clements: 1 (800) 856-3966, or email This email address is being protected from spambots. You need JavaScript enabled to view it.

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

Newswire

FINANCING ANNOUNCED - 2018 DRILLING

13-11-2017 Hits:353 2017 News Releases Nadina

November 13, 2017 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA) announce non-brokered private placements consisting of 150,000 Flow Through shares (no warrants) at a price of $3.80 per share and up to 400,000 Non-Flow Through units at a price of $3.75 per unit for gross proceeds of $2,070,000. The Non-Flow Through units of the financing will comprise of one common share and one-half non-transferable warrant, where each...

Read more

Silver Queen "Blue Zone" discovery photos posted and Monument JV project - Land Use Permi…

10-11-2017 Hits:1006 2017 News Releases Nadina

November 10, 2017 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA) announces that the Company has made available photographs and images related to drilling of 17S-01 and core specimen samples. (NR Oct 27, 2017) Silver Queen Property – Owen Lake BC Viewers can access both power point presentations to view core specimen samples from the recent “Blue Zone” discovery.  #1  2017 Drill Core photos 17S-01  http://www.nadina.com/images/2017-1-Nov-17S-01-Core-drillPhotos_.pdf  #2  2017 Drill Core Photos...

Read more

Silver Queen Drill Hole 17S-01 completed

27-10-2017 Hits:1949 2017 News Releases Nadina

October 27, 2017 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA) reports completion of drilling the first target at it 100% owned Silver Queen property NEAR Owen lake, BC. Download News Release:  2017_Oct_27_-_2_NR_subsequent_IIROC_.pdf Drill hole 17S-1 at Silver Queen has confirmed the high conductive geophysical anomaly (Jun 30, 2017 NR) contains sulfides.  Drill hole 17S-01, drilled to a length of 816M, successfully intersected the conductive geophysical anomaly (blue) to...

Read more