00:47:18 EDT Tue 16 Apr 2024
Enter Symbol
or Name
USA
CA



New Nadina Explorations Ltd (2)
Symbol NNA
Shares Issued 12,647,433
Close 2017-09-26 C$ 0.095
Market Cap C$ 1,201,506
Recent Sedar Documents

New Nadina closes $480,000 first tranche of financing

2017-09-27 13:37 ET - News Release

Ms. Ellen Clements reports

NEW NADINA CLOSES $103,000 TRANCHE ONE

New Nadina Explorations Ltd. has closed tranche one of the private placement of six million units at a price of eight cents per unit for gross proceeds of $480,000. The units of the financing comprise one common share and a full share purchase warrant, exercisable for a period of five years (subject to accelerated terms) at a price of 12 cents 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-per-cent-owned property near Owen Lake, south of Houston, B.C.

The drill program is designed to test two new geophysical targets and a previously intercepted high silver grade vein.

An approximately 250-metre-wide cylindrical type feature 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 No. 3 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 Oct. 4, 2017.

We seek Safe Harbor.

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