New Dimension Resources - Shares for Debt

New Dimension Resources - Shares for Debt

TSX-V: NDR

VANCOUVER, BC

,

Sept. 8, 2020

/CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the

"Company", "NDR", or "New Dimension") wishes to announce that in an effort to conserve its capital

and subject to regulatory approval, it has agreed to settle

$512,721.92

of outstanding indebtedness

to current and former insiders of the Company with the issuance of 8,545,365 common shares of the

Company at a deemed price of

$0.06

per share.

All proposed shares issued in settlement of debt will be subject to a hold period trading restriction

expiring 4 months and 1 day after issuance.

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 in favourable jurisdictions with a focus on high-grade gold and base metal

deposits. The Company's current focus is on the discovery through exploration of high-grade gold

deposits on its newly-acquired 100%-owned Southern Gold Line Project (

Sweden

), as well as on its

existing 100%-owned

Savant Lake

project in

Ontario

and its 29.6% interest in the Domain Joint

Venture with Yamana Gold in

Manitoba (Canada

). In addition, the Company has acquired 100%

interests in two large properties covering the past-producing Løkken and Kjøli copper-rich massive

sulfide deposits in central

Norway

and in which drill-ready targets have already been identified.

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.

View original content:

http://www.newswire.ca/en/releases/archive/September2020/08/c7187.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 09:30e 08-SEP-20