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New Nadina Closes $103,000 Tranche One

September 27, 2017 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA) announces the closing of Tranche One of the Private Placement (NR June 20, 2017) of 6,000,000 units at a price of $0.08 cents per unit for gross proceeds of $480,000. The units of the financing comprise of one common share and a full share purchase warrant, exercisable for a period of five years (subject to accelerated terms) at a price of $0.12 per share.

Tranche One proceeds of $103,000 in addition to funds received from the sale of Kettle River Resources Ltd. are adequate to initiate the Silver Queen drilling program on its 100% owned property near Owen Lake south of Houston BC.   

The drill program is designed to test two new geophysical targets and a previously intercepted high silver grade vein.   (NR May 24, 2017)

A cylindrical type feature of approximately 250m wide is of coincident high chargeability and low resistivity. The other untested target is a deep, large, very conductive geophysical anomaly to the northwest of the NG3 vein system. The No3 Vein system west of the porphyry striking northwest carries gold, silver, lead and zinc and is not epithermal appearing as seen within the porphyry to the east.

Drilling is expected to commence October 4, 2017.

ON BEHALF OF THE BOARD        
“Signed”
Ellen Clements, President and Chief Executive Officer

Please contact Coal Harbor Communications Inc. (Dale Paruk) for Investor Relation services
604 510-4505 or toll-free 1 (877) 642-6200 or This email address is being protected from spambots. You need JavaScript enabled to view it..

Visit www.nadina.com    Contact Ellen Clements: 1 (250) 444-1005, or email This email address is being protected from spambots. You need JavaScript enabled to view it.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION
This news release contains certain "forward-looking information" within the meaning of Canadian securities laws. Actual results may differ materially from those indicated by such forward-looking information. All information included herein, other than statements of historical fact, including, without limitation, information regarding future production, is considered forward-looking information and involves various risks and uncertainties. There can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. 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.

“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.”

 

Newswire

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