Financing Announced to Drill Silver Queen
New Nadina Explorations Limited TSX-V-NNA
Box 130, 298 Greenwood Street Greenwood BC V0H 1J0
Phone (250) 445 2260, Fax (250) 445 2259 [email protected]
News Release
FINANCING ANNOUNCED TO DRILL SILVER QUEEN
June 20, 2017 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX
VENTURE: NNA) is pleased to announce progress on its 100% owned Silver Queen property south of
Houston BC near Owen Lake. A 5-8,000 meter drill progra m in the north west section of the Itsit Copper
Molybdenum Gold Porphyry will extend strike and depth of previous intercepts of high grade silver in the
NG3 Vein and test two additional targets. (NR May 24, 2017)
One target located just beyond the hi gh grade silver veins. is of coincident high chargeability and low
resistivity. Certain drill holes testing the epithermal high grade silver veins will be extended (deepened) to
test this target. The second target (blue) is a deep, large, very conductive geophysical anomaly to the
northwest of the NG3 vein system could indicate massive sulphides and will be tested by a single drill hole.
The circled area shows the two set-up sites. 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.
Intercepts of drill hole 12S-05 will be tested by 10-12 drill holes extending a 250m area by the upcoming
drill program. Drilling which would be directed towards proving a resource estimate.
12S-05 AZ (UTM): 303° Inclination: -65.2° Hole Depth: 777m
Depth
(m)
True width
(m)
Silver
(g/t)
Gold
(g/t)
Copper
(%)
Lead
(%)
Zinc
(%)
332.5 to 338.0 2.2 1,580.8 3.15 1.25 0.90 0.48
410.5 to 419.75 3.70 166.6 2.3 0.26 0.22 0.90
The drill program will commence September 1 and expect ed to take 8-10 weeks. Previous porphyry drilling
resulted in excellent per day footages. The program w ill terminate to allow reclamation prior to snow fall.
The site has good year round access with full core logging and sampling facilities.
James Hutter, PGeo., a qualified person as defined under National Instrument 43-101, has reviewed and
approved the technical content of this release.
Private Placement
New Nadina is also pleased to announce a non-brokere d private placement 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 will comprise of one common
share and a full share purchase warrant, exercisable for a period of five years at a price of $0.12 per share.
The term of the warrants may be acceler ated in the event that th e issuer's shares trade at or above a price of
$0.15 cents per share for a period of ten (10) consecutive trading days. In such cas e of accelerated warrants,
the issuer shall give notice by way of a news release to the subscribers that the warrants will expire thirty
(30) days from the date of providing such notice.
Directors, officers or other insiders of the Company may participate in the foregoing offerings, and such
parties may sell securities of the Company owned or controlled by th em personally through the facilities of
the TSX Venture Exchange to finan ce participation in such offerings. The Company will make available a
portion of the offering to existing shar eholders using provisions of the Canadian existing security holder
exemption pursuant to Multilateral CSA Notice 45-313 – Prospectus Ex emption for Distributions to Existing
Security Holders (“CSA 45-313”) and the corresponding blanket orders and rules implementing CSA 45-313
in the participating jurisdictions in respect thereof (collectively with CSA 45-313, the “Existing Security
Holder Exemption”).
The Offering shall include two parts, a privat e placement to existing shareholders (the “Existing
Shareholder Private Placement” and a non-brokered private placement to all other eligible investors in
accordance with applicable TSX Venture Exchange rules and securities laws (the “Concurrent Offering”).
Certain subscribers under the foregoing offerings may be participating through an exemption contained in
Multilateral CSA Notice 45-313 and the various correspo nding blanket orders and rules of participating
jurisdictions (the “Existing Shareholder Exemption”) or Multilateral CSA Notice 45-318 and various blanket
orders and rules of participating jurisdictions (the “Investor Dealer Exemption”).
For subscribers utilizing the Existing Shareholder Exemp tion, the Offering is available to all shareholders of
the Company as at June 19, 2017 (the “Record Date”) (and still are shareholders) who are eligible to
participate under the Existing Shareholder Exempti on. Any person who becomes a shareholder of the
Company after the Record Date is not permitted to participate in the offerings using the Existing Shareholder
Exemption but other exemptions may still be available to them. Shareholders who became shareholders after
the record date should consult thei r professional advisors when completi ng their subscription form to ensure
that they use the correct exemption.
There are conditions and restrictio ns when relying upon the Existing Shareholder Exemption, namely, the
subscriber must: a) be a shareholde r of the Company on the Record Date (and still are a shareholder), b) be
purchasing the Units as a principal, i.e. for their own account and not for any other party, and c) may not
purchase more than $15,000 value of securities from the Company in any twelve month period. There is one
exception to the $15,000 subscription lim it. In the event that a subscrib er wants to purchase more than
$15,000 value of securities then they may do so provided th ey have first received 'suitability advice' from a
registered investment dealer and, in this case, subscribers will be asked to confirm the registered investment
dealer's identity and employer.
If an offering is over-subscribed, it is possible that a shareholder's subscription may not be accepted by the
Company even though it is received. Additionally, in the event of an imbalance of large subscriptions
compared to smaller subscriptions management of the Co mpany reserves the right in its discretion to reduce
large subscriptions in favour of smaller shareholder subscriptions.
If an offering is not fully subscribed or the over-allo tment option is not fully exercised, then management of
the Company will determine the allocation of net proc eeds amongst the above purpose s in the best interests
of the Company. There may be circumstances however, where, for sound business reasons, a reallocation of
funds may be necessary.
Subscribers utilizing the Existing Shareholder Exempti on must reside in one of the following jurisdictions:
Alberta, British Columbia, Manitoba, New Brunswick, Ontario, Nova Scotia, Nort hwest Territories, Prince
Edward Island, Québec, Saskatchewan and Yukon. Shareholders resident in Newfoundland and Labrador are
not permitted to participate in the Offering under the Existing Shareholder Exemption. Existing shareholders
resident in countries other than Canada will need to meet local jurisdiction requirements to participate.
Subscribers implementing the Investor Dealer Exempti on must reside in one of the following jurisdictions:
Alberta, British Columbia, Manitoba, New Brunswick a nd Saskatchewan. Subscriber s resident in Ontario,
Newfoundland and Labrador, Northwest Territories, Nova Scotia, Prince Edward Island, Québec and Yukon
are not permitted to participate in the Offering unde r the Existing Shareholder Exemption. Subscribers
resident in countries other than Canada will need to meet local jurisdiction requirements to participate.
There is no material fact or material change of the Company that has not been generally disclosed. The
securities issued pursuant to the Offering will be subject to statutory hold periods.
Assuming the entire Offering is fully subscribed, the Company intends to allocate the net proceeds towards
exploration drilling of the Silver Queen property. While the Company currently anticipates that it will use the
net proceeds as describe, it 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.
A finder's fee may be paid in cash, share purchase warrant s or a combination of both to eligible finders in
accordance to the TSX-V policies. All securities issued pursuant to the offering will be subject to a hold
period of four months and one day from the date of closing. The offering and pa yment of finders' fees are
both subject to approval by the TSX-V.
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 [email protected]
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION
This news release contains cert ain "forward-looking information" within the meaning of Canadian securities laws. Actual results may differ
materially from those indica ted by such forward-looking information. All inform ation 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 Pr ovider (as that term is defined in the policies of the TSX Vent ure Exchange)
accepts responsibility for the adequacy or accuracy of this release.”