Bridge financing arranged
August 17, 2015 GREENWOOD, BRITISH COLUMBIA – The Board of Directors of New Nadina Explorations Limited (TSX VENTURE: NNA) announces that a non-arm’s length bridge financing has been arranged with Ellen Clements, President and Chief Executive Officer of the company for a principal amount of up to $100,000 for earlier of a term of six months or the completion of a private placement by New Nadina sufficient to pay the loan.
Terms of the loan
The loan shall bear interest commencing from the date of advance until maturity at an annual rate equal to
five per-cent and shall be paid in full, if not before then at the expiry of the term.
Purpose of the loan
The loan will ensure adequate funds are available to cover certain merger costs related to the plan of arrangement whereby New Nadina Explorations will acquire Kettle River as per the joint news release dated July 20, 2015.
ON BEHALF OF THE BOARD
President and Chief Executive Officer
For further information please visit the website at www.nadina.com
“Neither the 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.”