News Release
Update on Silver Queen property Land Issue
October 25, 2013 GREENWOOD, BRITISH COLUMBIA - New Nadina Explorations
Limited (the "Company", TSX VENTURE: "NNA") wishes to provide an update
with respect to proceedings brought on by holders of surface rights (C.
Donald Christmann and 0712249 BC Ltd) relating to the Company's Silver Queen
property.
As reported in its September 6, 2013 news release, the BC Surface Rights
Board (SRB) agreed with the Company's position that once the seasonal
opportunity to harvest or pasture a crop has passed, land is no longer
considered "land under cultivation" within the meaning of the Mineral Tenure
Act until such time as cultivation activities for the purpose of raising and
harvesting or pasturing a crop begin again the following season. This
interpretation allows New Nadina access to such areas after the crop, if
any, has been harvested or once the time has lapsed to harvest and also in
early fall and winter.
C. Donald Christmann and 0712249 BC Ltd. are not satisfied with the decision
of the SRB and have now filed a Petition with the Supreme Court of B.C. to
set aside parts of the decision. New Nadina believes this latest
application is nothing more than a tactic to obstruct the Company's
exploration plans, and it is confident that it has succeeded in obtaining
the required approval to proceed with its exploration as planned.
The decision of the SRB continues to be in effect during this challenge by
the surface rights holders and New Nadina will continue to update its
shareholders on the developments of the proceedings.
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 nadina2005@shaw.ca
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.
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New Nadina Explorations Ltd
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EXPLORATEUR |
CODE : NNA.V |
ISIN : CA6475671062 |
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New Nadina est une société d’exploration minière d'argent et d'or basée au Canada. New Nadina détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont MONUMENT DIAMOND, NAKET et SILVER QUEEN au Canada. |