TSX-V: NDR
VANCOUVER, Oct. 19, 2018 /CNW/ - New Dimension Resources
Ltd. (TSXV: NDR) (the "Company" or "New Dimension") is pleased to
announce the appointment of Sharon
Cooper (CA, BA) to the position of Chief Financial Officer
("CFO"). Sharon is a Chartered Accountant with over 10 years of
experience in accounting and auditing roles for mining and
mining-related companies. Ms. Cooper began her career as an auditor
at Ernst & Young, working on both internal and external audits,
and gaining experience on larger audits for major mining companies
as well as junior explorers and mining-related companies. Since
leaving Ernst & Young, Sharon has held senior accounting and
financial reporting roles for a number of junior exploration
companies and a mining services company. Most recently, Sharon was
CFO of Mariana Resources Ltd until its acquisition by Sandstorm
Gold Ltd (TSX: SSL, NYSE American: SAND) in July, 2017.
Sharon takes over the CFO role from Wayne Johnstone, who retires from the position
with immediate effect. The Company would like to extend its
sincerest gratitude to Wayne for his significant contributions,
thanking him for his many years of dedicated service to the
Company. New Dimension is also pleased to advise that Wayne will
remain engaged with the Company going forward on a consulting
basis.
President and Chief Executive Officer, Eric Roth, commented: "I am very pleased to be
able to welcome Sharon today to the role of CFO. Sharon is a
highly-respected individual who has had an outstanding career in
accounting and auditing, and was a key member of Mariana Resources'
successful executive team until its acquisition by Sandstorm Gold
in 2017. Separately, I would also like to sincerely thank Wayne for
his professionalism and dedication in contributing to the Company's
successes to date. I am also pleased to add that we will be able to
retain Wayne's services in a consulting capacity".
Incentive Stock Option Grant
The Company also reports that the Board of Directors has
granted, subject to TSX Venture Exchange approval, an aggregate of
250,000 incentive stock options to one director and one officer of
the Company. The stock options are exercisable at a price of
$0.15 per share and will have a term
of 5 years, expiring on October 18,
2023. Each stock option will allow the holder to purchase
one common share of the Company. All stock options granted are
subject to staged vesting periods.
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
precious metals. 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 on
the Savant Lake gold project in
Ontario, together with an active
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
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 ("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.
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SOURCE New Dimension Resources Ltd.