Business
New Dimension Closing Private Placement
New Dimension Closing Private Placement Canada NewsWire VANCOUVER, March 8, 2019...
About this update from Capella Minerals Limited
[{"type":"text","content":"\n\n\n\nNew Dimension Closing Private Placement\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 8, 2019\n\n\n\nTSX-V: NDR\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./\n VANCOUVER, March 8, 2019 /CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the \"Company\", \"NDR\", or \"New Dimension\") announces the completion of its previously announced private placement of 13,374,100 units at $0.055.  Gross proceeds of $735,575 will be used for exploration activities and general working capital.  The units are comprised of one common share and one half of one share purchase warrant each whole warrant enabling the holder to acquire one additional common share at $0.125 during the first 18 months and $0.25 thereafter until expiry March 8, 2022.  The warrants will be further subject to accelerated expiry terms.  Namely, the Company has the right to accelerate expiry of the warrants if the closing price of Company's shares equals or exceeds $0.25 per common share for 10 consecutive trading days during the first 18 months, or $0.50 per common share thereafter.\nThe Company paid an aggregate of $20,641 and issued 375,300 finders warrants under the same terms and conditions of the unit warrants, to certain persons who introduced subscribers to the Company.  All securities issued under the placement are subject to a four month hold period trade restriction expiring July 9, 2019.  \nUpon closing of the Private Placement, Sandstorm Gold Ltd will remain New Dimension's largest shareholder with approximately 12.51% of the issued common shares of the Company. Certain management and directors also participated in the Private Placement and now collectively hold 16.10% of the issued common shares of the Company. \nEarly Warning Disclosure\nPursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issue...