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New Nadina Explorations Ltd

Published : January 30th, 2008

$1,100,000 NON BROKERED PRIVATE PLACEMENT

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Keywords :   Diamond |

News Release

 

$1,100,000 NON BROKERED PRIVATE PLACEMENT

 January 30, 2008: New Nadina Explorations Limited (the "Company") announces that it is undertaking a non-brokered private placement of up to $1,100,000.  Up to $600,000 will be raised on a flow-through basis of up to two million flow-through shares at 30 cents per share.  Up to $500,000 will be raised on a non-flow-through basis of up to two million units at 25 cents per unit.  The non-flow-through units will consist of one common share and one share purchase warrant.  Two warrants will entitle the holder to purchase one additional share of the Company on a non-flow-through basis for a period of twenty four months after closing of the placement.  The warrant exercise prices will be 35 cents to acquire one share during the first 12 months after closing and then 45 cents during the second year.  If after 4 months from closing, the shares of the Company trade at a closing price on the TSXV of 50 cent or more for 10 consecutive days, the Company may accelerate the expiry date of the outstanding warrants to 30 days from the date notice is given to the warrantholders of the accelerated expiry date.

Allowable Finders� Fees may be payable in compliance with the guidelines of the TSX Venture Exchange policies.  The share price at the close of trading on January 30, 2008 was $0.245.

Proceeds from the placement will be used for continued exploration on Company�s Monument Diamond Property and for general corporate funds. The private placement proposed herein is subject to all necessary regulatory approvals.

Contact Larry Widmer (250) 878 5099 or Ellen Clements 1-800 856 3966

 

ON BEHALF OF THE BOARD

 

�Signed�

 

Ellen Clements,

Director, President & CEO

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

 

New Nadina Explorations Ltd

EXPLORATION STAGE
CODE : NNA.V
ISIN : CA6475671062
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New Nadina is a silver and gold exploration company based in Canada.

New Nadina holds various exploration projects in Canada.

Its main exploration properties are MONUMENT DIAMOND, NAKET and SILVER QUEEN in Canada.

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Financings of New Nadina Explorations Ltd
3/4/2009$600,000 NON-BROKERED PRIVATE PLACEMENT
2/4/2009$ 600 000 non brokered private placement
8/1/2008$750,000 PRIVATE PLACEMENT REPRICED
7/14/2008$750,000 NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT
5/6/2008INCREASES PRIVATE PLACEMENT
4/18/2008provides update summary on the ongoing January 30, 2008 priv...
1/30/2008$1,100,000 NON BROKERED PRIVATE PLACEMENT
Option Grants of New Nadina Explorations Ltd
3/18/2008Grant stock Options
Project news of New Nadina Explorations Ltd
4/30/2013s - Land Issue
10/11/2012(Silver Queen)Silver Queen project starts
1/28/2010(Silver Queen) Silver Queen property
7/20/2009(Monument Diamond)Diamonds reported from DD42a and TRIO
9/4/2008(Monument Diamond)Three Kimberlite Pipes Discovered
8/26/2008(Monument Diamond)TRIO KIMBERLITE DISCOVERED AT MONUMENT PROPERTY
6/16/2008(Monument Diamond)BLING KIMBERLITE RETURNS DIAMONDS AT MONUMENT PROPERTY
4/28/2008(Monument Diamond)Bling kimberlite
4/1/2008(Monument Diamond)DRILLING COMMENCES
1/28/2008(Monument Bay)Monument gains stature
1/24/2008(Monument Diamond)MICRODIAMOND ANALYSIS COMPLETED ON RIP, MONUMENT PROPERTY, N...
Corporate news of New Nadina Explorations Ltd
7/21/2015New Nadina Explorations Limited to Acquire Kettle River Reso...
10/26/2013s release
4/8/2013s release
2/14/2013s release
10/11/2012s release
9/19/2012s release
9/11/2012(Silver Queen): Silver Queen Work Permit Received
9/7/2012s release
12/21/2011s release
12/8/2011s release
9/21/2011s release
5/13/2011s release
3/23/2011s release
1/19/2009letter and interview
1/9/2009Purcell article on New Nadina
1/6/2009s Release
11/14/2008Purcell article on New Nadina
11/5/2008s Release
9/23/2008Purcell on New Nadina
9/22/2008s 6 Kimberlite Pipes Sampled
9/12/2008s release
4/30/2008TO RAISE $250,000
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TSX-V (NNA.V)
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