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.