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New Dimension Upsizes Previously Announced Private Placement
New Dimension Upsizes Previously Announced Private Placement Canada NewsWire VAN...
About this update from Capella Minerals Limited
[{"type":"text","content":"\n\n\n\nNew Dimension Upsizes Previously Announced 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, Feb. 26, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\nTSX-V: NDR\n\n\n\nVANCOUVER, Feb. 26, 2018 /CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the \"Company\" or \"New Dimension\") is pleased to announce that it has increased the size of its previously announced non-brokered private placement to aggregate gross proceeds of C$3,825,000 upon the issuance of 34,772,727 common shares of the Company (\"Common Shares\") at a price of C$0.11 per Common Share (the \"Private Placement\").\n\nPrior to the closing of the Private Placement, the Company intends to consolidate its Common Shares on the basis of one (1) post-consolidated share for every 2.5 pre-consolidation shares, subject to TSX Venture Exchange (\"TSXV\") approval.  Investors subscribing for Common Shares in the Private Placement will receive post-consolidated shares.\n\nProceeds from the Private Placement will be used for exploration and business development activities focused on advancing the Company's interests in the Santa Cruz Projects in Argentina, each of which is described in the news release dated February 20, 2018. \n\nIt is furthermore anticipated that insiders of New Dimension will also participate in the Private Placement on the same terms and conditions as arm's length subscribers.  New Dimension may pay commissions and finders' fees in connection with the financing.\n\nApprovals\n\nThe Private Placement is subject to certain conditions, including receipt of all necessary consents and regulatory approvals, including the approval of the TSXV. All securities issued under the Private Placement will be subject to a hold period of four months from the date of issuance of the securities.\n\nClosing of the Private Placement is scheduled to occur on or about March 29, 2018, subject to applicable regulatory and other approvals, including approval of the TSXV.\n\...