Shares for Debt completed
New Nadina Explorations Limited TSX-V-NNA Box 130, 1215 Greenwood Street, Greenwood, BC V0H 1J0 Phone (250) 445 2260, Fax (250) 445 2259 [email protected]
News Release Shares for Debt completed
June 28, 2016 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (the “Company”) (TSX VENTURE: NNA) announces that, as per requirements stipulated by the TSX, New Nadina Explorations Limited (the “Company”) (TSX VENTURE: NNA) announces completion of the shares for debt transaction as announced in April 28, 2016 news release.
The Company has issued 1,427,000 common shares for settlement of $142,700.00 of outstanding debt to 10 (ten) Creditors, including the following Insider/ProGroup participants.
| Creditor | Amount owed | Shares issued |
|---|---|---|
| Ellen Clements | $49,802 | 498,020 |
| Foxy Creek Services Ltd. (Ellen Clements) | $21,022 | 210,220 |
| David R. Huck | $4,200 | 42,000 |
| John Jewitt | $9,800 | 98,000 |
| William Meyer | $2,000 | 20,000 |
The Shares are subject to a four-month hold period under the policies of the Exchange. These shares cannot be traded before October 25, 2016.
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: (250) 445-2260, or email [email protected]
“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.”
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.