New Nadina closes $700,000 Tranche 1
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 New Nadina closes $700,000 Tranche 1
April 1, 2011: GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA) has closed the first Tranche of the financing announced March 23, 2011. Flow Through eligible proceeds of $700,000 have been received for seven million shares issued. The financing consisted of two placees where the MineralFields Group contributed $500,000 and the other participant $200,000. Finder’s Fees of $40,000 paid in cash and 160,000 units consisting of 1 common share and one warrant to purchase a common share for 15 cents for 12 months were issued. Shares under this issuance cannot be traded before July 29, 2011.
The current program at the Silver Queen property south of Houston in Central BC includes a Titan 24 Induced Polarization geophysical survey, line cutting, prospecting, alteration mapping, soil sampling, 3D GIS model data compilation followed by core drilling targets resulting from new and expansive areas of exploration.
MineralFields Group (a division of Pathway Asset Management), based in Toronto, Vancouver, Montreal and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities ® (a division of Limited Market Dealer Inc.) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities ®.
ON BEHALF OF THE BOARD “Signed”
Ellen Clements, President and Chief Executive Officer Contact Ellen Clements: 250 444 1005
“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.”