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New Dimension Announces Private Placement Financing for the Purposes of Embarking on a new Diversification Strategy
New Dimension Announces Private Placement Financing for the Purposes of Embarking on a new...
About this update from Capella Minerals Limited
[{"type":"text","content":"\n\n\n\nNew Dimension Announces Private Placement Financing for the Purposes of Embarking on a new Diversification Strategy\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, Aug. 6, 2020\n\n\n\n\n /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./\nTSX-V: NDR\n VANCOUVER, BC, Aug. 6, 2020 /CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the \"Company\", \"NDR\", or \"New Dimension\") is pleased to announce: \nCommencement of a Private Placement financing for gross proceeds of up to a maximum of $3,700,000, with a lead order from Palisades Goldcorp Ltd. and significant participation by management. Proceeds will assist with advancing the Company's existing Canadian gold portfolio and the acquisition and advancement of new high-grade gold and base metal projects in favourable, highly prospective jurisdictions. Due diligence is currently underway on two regional opportunities. NDR is seeking to enhance the Company's growth strategy following the initial diversification out of Argentina (Refer NR 1 April 2020). Subject to regulatory approval, New Dimension has initiated a Private Placement financing with a lead order from Palisades Goldcorp Ltd. The Company intends to complete a non-brokered Private Placement of up to 60,000,000 Units at a price of $0.06 per unit for gross proceeds of up to $3,700,000. Each unit will consist of one Common Share and one Share Purchase Warrant. Each warrant will entitle the holder to acquire one additional common share of the Company at CAD $0.12 per share for a period of 36 months.  \nInsiders will be participating in at least a minimum 9,000,000 shares.\nProceeds from this Private Placement will be used to advance the Company's Canadian gold portfolio and to acquire and advance new high-grade gold and base metal projects in favourable jurisdictions, as well as for general working capital which includes settlement of current liabilities.\nThe Company may pay finders fee's in ...