New Dimension Announces Private Placement
New Dimension Announces Private Placement
Financing
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TSX-V: NDR
VANCOUVER
,
Dec. 14, 2018
/CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the
"Company", "NDR", or "New Dimension") wishes to announce that, subject to regulatory approval,
the Company intends to complete a non-brokered Private Placement of up to 21,818,182 common
shares at a price of
$0.055
per common share for gross proceeds of up to
$1,200,000
. These
proceeds will be used to fund further development of its portfolio of high-grade gold-silver projects in
Santa Cruz Province
,
Argentina
, as well as for general working capital.
The Company also intends to complete, subject to regulatory approval, a non-brokered Private
placement of up to 4,000,000 flow-through common shares at a price of
$0.075
per flow-through
share. The gross proceeds of up to
$300,000
will be used to further explore its
Savant Lake
gold
project in
Ontario, Canada
.
The Company may pay finders fee's in either cash, shares, share purchase warrants or a
combination thereof, as permitted by regulators, on a portion of the Private Placements. Closing of
the flow-through portion of the Private Placement is expected to be on or before
December 31,
2018
, with the closing of the regular Private Placement expected to occur shortly 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.
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
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.
View original content:
http://www.newswire.ca/en/releases/archive/December2018/14/c4906.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 17:39e 14-DEC-18