New Dimension Announces Private Placement Financing
New Dimension Announces Private Placement Financing |
[14-December-2018] |
/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./ 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" About New Dimension Resources Cautionary Notes and Forward-looking Statements 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. | ||
Company Codes: TorontoVE:NDR |
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