Bridge financing arranged
New Nadina Explorations Limited TSX-V-NNA Box 130, 298 Greenwood Street, Greenwood, BC V0H 1J0 Phone (250) 445 2260, Toll Free 1 800 856 3966 Fax (250) 445 2259 [email protected]
News Release
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 “Signed”
Ellen Clements, President and Chief Executive Officer
For further information please visit the website at www.nadina.com or contact Ellen Clements: 1 (800) 856-3966, 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.”