News Release
$600,000 NON-BROKERED PRIVATE PLACEMENT
February 3, 2009: New Nadina Explorations Limited (the "Company") announces that it is undertaking a non-brokered private placement of up to $600,000 issuing four million units. Each unit is priced at 15 cents and is comprised of one share and one warrant. One warrant, entitling the purchaser to acquire an additional share of the Company, is exercisable for two years, at a share purchase price of 25 cents during the first 12 months and 30 cents during the last 12 months. The warrants are non-trading and non-transferable.
An 8% Finders' Fee payable in units under the same terms may be payable in compliance with the guidelines of the TSX Venture Exchange policies. Shares of the Company last traded at 11 cents.
Proceeds from the placement will be used for continued exploration on Company's Monument Diamond Property at Lac de Gras NWT and for general corporate funds. The private placement proposed herein is subject to all necessary regulatory approvals.
Contact Ellen Clements at (800) 856-3966 or Larry Widmer at (250) 878 5099 for further information.
ON BEHALF OF THE BOARD
"Signed"
Ellen Clements, 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 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.