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Private Placement closed Tranche Two - $418,125

December 13, 2017 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA) announces $418,125 received in Tranche two and the final closing of the Non Brokered Private Placement as of Dec. 8, 2017 first announced on Nov 13, 2017 and NR Dec.4, 2017 tranche one. All securities issued are subject to a hold period of four months and one day and become free trading on
April 10, 2018.  The offering and any payment of finders' fees are both subject to TSX-V approval – details as follows:

Non-Flow through Units issued comprise 111,500 shares at $3.75 and half warrants to purchase 55,750 common shares at $4.25 per share exercisable for a period of two years. Exercise of warrants may be accelerated in the event the shares trade at or above a price of $6.00 for a period of ten (10) consecutive trading days. In such case, the issuer shall give notice by way of a news release and to the subscribers that the warrants will expire thirty (30) days from the date of providing such notice.  Proceeds have been received and Finders’ Fees paid $15,413 in cash.

Proceeds of tranche two will be used for both exploration at its 100% owned Silver Queen property at Owen Lake south of Houston BC and corporate development and may re-allocate the gross proceeds from time to time depending upon the Company’s growth strategy relative to market and other conditions in effect at that time.

In summary, total private placement proceeds received are $1,111,875 (Flow Through $570,000 and $541,875 non-Flow Through) for issuance of 294,500 shares (150,000 Flow Through and 144,500 Non Flow Through share units) with a total of $49,613 paid in Finders’ Fees and 9,001 broker warrants issued (exercisable at $3.80 for two years).

Dr. Mathias Westphal, P.Geo., a qualified person as defined under National Instrument 43-101, will report assay results from all three drill holes of the 2017 drill program as soon as possible as analyses results are expected on December 15, 2017. 

ON BEHALF OF THE BOARD

“Signed”

Ellen Clements, President and Chief Executive Officer

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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