19:56:54 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



New Dimension Resources Ltd (2)
Symbol NDR
Shares Issued 8,170,689
Close 2015-03-27 C$ 0.065
Market Cap C$ 531,095
Recent Sedar Documents

New Dimension arranges 1.5-million-unit financing

2015-03-27 19:36 ET - News Release

Mr. Fred Hewett reports

NEW DIMENSION RESOURCES LTD. ANNOUNCES PRIVATE PLACEMENT

New Dimension Resources Ltd. has arranged a non-brokered private placement of up to 1.5 million units at a price of six cents per unit. Each unit shall comprise one common share and one warrant. Each warrant will entitle the holder to acquire one common share of New Dimension at a price of 15 cents for a period of 24 months immediately following the closing date. The warrants will be subjected to an accelerated exercise provision if the share price of New Dimension trades at or above 25 cents for 10 or more consecutive trading days.

Net proceeds of this private placement will be used to further the company's exploration projects, to finance possible new acquisitions and for general working capital.

We seek Safe Harbor.

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