New Dimension Announces Financial Statement Filing Exemption
New Dimension Announces Financial
Statement Filing Exemption
TSX-V: NDR
VANCOUVER
,
April 24, 2020
/CNW/ - New Dimension Resources Ltd. (TSXV:NDR) (the
"Company", or "New Dimension") announces that, due to the impact on normal working conditions
and other restrictions caused by the COVID-19 pandemic, and pursuant to the blanket relief granted
by the Canadian Securities Administrators, the Company will not file its quarterly financial statements
for the period ending
February 29, 2020
, and the related Management Discussion and Analysis
(MD&A), as would otherwise be required by parts 4 and 5 of National Instrument 51-102 for
Continuous Disclosure Obligations, prior to the filing deadline of
April 29
, 2020.
The Company now expects to report its quarterly results on or about
May 31, 2020
, which falls
within the maximum 45-day extension provided by the blanket relief granted to all market participants
by the Canadian Securities Administrators as a result of COVID-19.
As of today's date, and other than as disclosed in the Company's news releases, there have not
been any material business developments since the date that the last financial statements of the
company were filed.
The Company confirms that its management and other insiders are subject to an insider trading
blackout policy that reflects the principles in Section 9 of National Policy 11-207, Failure-to-File
Cease Trade Orders and Revocations in Multiple Jurisdictions, such that they are in a blackout
period until the commencement of the second trading day after the interim filings have been
disclosed by way of a news release.
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 advancing the Domain gold project in
Manitoba
(NDR 29.6% JV
interest with Yamana Gold Inc), together with the discovery of new high-grade gold resources at the
drill-ready and 100%-owned
Savant Lake
(
Canada
) and
Sierra Blanca
(
Argentina
) projects. The
Company also continues to evaluate strategic alternatives for the 100%-owned Las Calandrias and
Los Cisnes projects in the highly prospective Deseado Massif of
Santa Cruz Province
.
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 future
results of operations, performance and achievements of New Dimension, including the timing,
completion of and results from the exploration and 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 TSXV 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.
View original content:
http://www.newswire.ca/en/releases/archive/April2020/24/c0175.html
%SEDAR: 00023195E
For further information:
New Dimension Contacts: Eric Roth, Email:
[email protected]; Karen Davies, +1 604-314-2662
CO: New Dimension Resources Ltd.
CNW 08:59e 24-APR-20