New Dimension Amended Private Placement Terms
New Dimension Amended Private Placement
Terms
TSX-V: NDR
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,
DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN
OR INTO
THE UNITED STATES
./
VANCOUVER
,
Jan. 29, 2019
/CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the
"Company", "NDR", or "New Dimension") announces that, subject to regulatory approval, the
Company has amended its previously announced non-brokered Private Placement of up to
21,818,182 common shares at a price of
$0.055
per common share to include a one-half share
purchase warrant for each share sold. Each whole share purchase warrant shall entitle the holder to
acquire an additional common share at
$0.125
per share for a period of 18 months from issue and
at
$0.25
thereafter until expiry. Each warrant expiring 3 years after issuance. The warrants will be
further subject to accelerated expiry terms. Namely, the Company has the right to accelerate expiry
of the warrants if the closing price of Company's shares equals or exceeds
$0.25
per common share
for 10 consecutive trading days during the first 18 months, or
$0.50
per common share thereafter.
All securities issued under the Private Placements will be subject to a hold period of four months
from the date of issuance of the securities.
The Company did not proceed with its previously announced flow-through private placement.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall
there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful, including any of the securities in
the United States of America
. The securities
have not been and will not be registered under the United States Securities Act of 1933, as
amended (the "1933 Act") or any state securities laws and may not be offered or sold within
the
United States
or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the
1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an
exemption from such registration requirements is available.
On Behalf of the Board of New Dimension Resources Ltd.
"Eric Roth"
________________________
Eric Roth
, Ph.D., FAusIMM
President & CEO
About New Dimension Resources
New Dimension is engaged in the acquisition, exploration, and development of quality mineral
resource properties throughout the Americas, with a focus on high-grade precious metals deposits.
The Company's current focus is on the discovery through drilling of new high-grade gold-silver
resources at its 100%-owned Las Calandrias, Los Cisnes and
Sierra Blanca
projects, all located in
the highly prospective Deseado Massif of
Santa Cruz Province
, southern
Argentina
. The Company
also holds an option to earn-in to a 100% interest in the
Savant Lake
gold project in
Ontario
,
together with an active 29.56% JV interest (with Yamana Gold) in the Domain gold project in
Manitoba
.
Cautionary Notes and Forward-looking Statements
This news release contains forward-looking information within the meaning of applicable securities
legislation. Forward-looking information is typically identified by words such as: believe, expect,
anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature,
refer to future events. Such statements include, without limitation, statements regarding the the
anticipated use of proceeds of the Private Placement Financing, receipt of all necessary regulatory
and third-party approvals required in connection with the acquisition and the Private Placement
Financing, future results of operations, performance and achievements of New Dimension,
including the timing, completion of and results from the drill programs described in this release.
Although the Company believes that such statements are reasonable, it can give no assurances
that such expectations will prove to be correct. All such forward-looking information is based on
certain assumptions and analyses made by New Dimension in light of their experience and
perception of historical trends, current conditions and expected future developments, as well as
other factors management believes are appropriate in the circumstances. This information,
however, is subject to a variety of risks and uncertainties and other factors that could cause actual
events or results to differ materially from those projected in the forward-looking information.
Important factors that could cause actual results to differ from this forward-looking information
include those described under the heading "Risks and Uncertainties" in New Dimension's most
recently filed MD&A. New Dimension does not intend, and expressly disclaims any obligation to,
update or revise the forward-looking information contained in this news release, except as required
by law. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE
New Dimension Resources Ltd.
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http://www.newswire.ca/en/releases/archive/January2019/29/c2678.html
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For further information:
New Dimension Contacts: Eric Roth, Email:
[email protected]; Karen Davies, +1 604-314-2662
CO: New Dimension Resources Ltd.
CNW 20:04e 29-JAN-19