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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.