Here is some additional information pertaining to the institution raising the $4 million, as well as an update from New Dimensions large cap JV partner Yamana Gold:
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.
Insiders will be participating in at least a minimum 9,000,000 shares.
Palisades website: https://palisades.ca/
July 2020 company presentation: https://palisades.ca/wp-content/uploads/2020/...d-Deck.pdf
Yamana Update Regarding NDR Joint Venture Domain Property (July 23rd 2020)
https://www.yamana.com/English/inve...y-a-Fur...fault.aspx
Domain, Canada
The Domain project is located near Oxford Lake in northeast Manitoba, comprising a 20,000-hectare property that is 100%-controlled by the Company. Interpretation of regional airborne magnetics together with government geological survey till geochemistry support a highly prospective environment for folded iron formation hosted gold. The Company's property surrounds three claims totaling 576 hectares that are under a joint venture agreement with New Dimension Resources, which holds a 29.6% interest. The joint venture claims cover an area of historic drilling with significant gold intercepts hosted by iron formation that includes intervals reported by Rolling Rock Resources in 2008 and New Dimension Resources in 2017.
The Company recently signed an exploration agreement with the Bunibonibee Cree Nation (“BCN”) that provides a framework for a cooperative, mutually respectful agreement supporting the advancement of exploration within the Traditional Territory of the BCN while providing employment and business opportunities to the BCN.
For those that did not see the intro:
Price: $0.05
Common Shares: 66.8 million
Insider Holdings: 15% or 10 million (CEO owns roughly half)
Institutional Holdings: 19.9% or 13.3 million (Sandstorm Gold - SSL.T)
Options & Warrants: 11 million (Between $0.125-$0.25)
Website: www.newdimensionresources.com
Recent Company Presentation (June 2020): https://www.newdimensionresources.com/site/as..._final.pdf
NDR owns 5 properties, one of them already have a very valuable proven resource. Below is the breakdown as per their company presentation
1) Savant Lake Gold Project(Owned 100%) - https://www.newdimensionresources.com/project...e-project/
2) Domain Gold Project (Owned 30% / 70% Yamana YRI.T) - https://www.newdimensionresources.com/project...n-project/
3) Las Calandrias Project (Owned 100% - Has 400k ounces of Gold Proven) - https://www.newdimensionresources.com/project...-projects/
4) Sierra Blanca Project (Owned 20% - Sold 80% Recently for $800,000 USD) - https://www.newdimensionresources.com/project...-projects/
5) Los Cisnes Project (Owned 100%? Does not specify) - https://www.newdimensionresources.com/project...-projects/
6) Company has mentioned in the last MD&A that they are looking for other gold assets.
News last week:
New Dimension Announces Private Placement Financing for the Purposes of Embarking on a new Diversification Strategy
2020-08-06 07:00 MT - News Release
New Dimension Announces Private Placement Financing for the Purposes of Embarking on a new Diversification Strategy
Canada NewsWire
VANCOUVER, BC, Aug. 6, 2020
/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./
TSX-V: NDR
VANCOUVER, BC, Aug. 6, 2020 /CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the "Company", "NDR", or "New Dimension" is pleased to announce:
Commencement 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.
Insiders will be participating in at least a minimum 9,000,000 shares.
Proceeds 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.
The Company may pay finders fee's in either cash, shares, share purchase warrants or a combination thereof, as permitted by regulators, on a portion of the Private Placements. Closing of the Private Placement is expected to occur on or before August 19, 2020. All securities issued under the Private Placements will be subject to a hold period of four months from the date of issuance of the securities.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act" or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
On Behalf of the Board of New Dimension Resources Ltd.
"Eric Roth"
Read More: https://investorshangout.com/NWDMF---New-Dime...z6UdUUhlKk
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.
Insiders will be participating in at least a minimum 9,000,000 shares.
Palisades website: https://palisades.ca/
July 2020 company presentation: https://palisades.ca/wp-content/uploads/2020/...d-Deck.pdf
Yamana Update Regarding NDR Joint Venture Domain Property (July 23rd 2020)
https://www.yamana.com/English/inve...y-a-Fur...fault.aspx
Domain, Canada
The Domain project is located near Oxford Lake in northeast Manitoba, comprising a 20,000-hectare property that is 100%-controlled by the Company. Interpretation of regional airborne magnetics together with government geological survey till geochemistry support a highly prospective environment for folded iron formation hosted gold. The Company's property surrounds three claims totaling 576 hectares that are under a joint venture agreement with New Dimension Resources, which holds a 29.6% interest. The joint venture claims cover an area of historic drilling with significant gold intercepts hosted by iron formation that includes intervals reported by Rolling Rock Resources in 2008 and New Dimension Resources in 2017.
The Company recently signed an exploration agreement with the Bunibonibee Cree Nation (“BCN”) that provides a framework for a cooperative, mutually respectful agreement supporting the advancement of exploration within the Traditional Territory of the BCN while providing employment and business opportunities to the BCN.
For those that did not see the intro:
Price: $0.05
Common Shares: 66.8 million
Insider Holdings: 15% or 10 million (CEO owns roughly half)
Institutional Holdings: 19.9% or 13.3 million (Sandstorm Gold - SSL.T)
Options & Warrants: 11 million (Between $0.125-$0.25)
Website: www.newdimensionresources.com
Recent Company Presentation (June 2020): https://www.newdimensionresources.com/site/as..._final.pdf
NDR owns 5 properties, one of them already have a very valuable proven resource. Below is the breakdown as per their company presentation
1) Savant Lake Gold Project(Owned 100%) - https://www.newdimensionresources.com/project...e-project/
2) Domain Gold Project (Owned 30% / 70% Yamana YRI.T) - https://www.newdimensionresources.com/project...n-project/
3) Las Calandrias Project (Owned 100% - Has 400k ounces of Gold Proven) - https://www.newdimensionresources.com/project...-projects/
4) Sierra Blanca Project (Owned 20% - Sold 80% Recently for $800,000 USD) - https://www.newdimensionresources.com/project...-projects/
5) Los Cisnes Project (Owned 100%? Does not specify) - https://www.newdimensionresources.com/project...-projects/
6) Company has mentioned in the last MD&A that they are looking for other gold assets.
News last week:
New Dimension Announces Private Placement Financing for the Purposes of Embarking on a new Diversification Strategy
2020-08-06 07:00 MT - News Release
New Dimension Announces Private Placement Financing for the Purposes of Embarking on a new Diversification Strategy
Canada NewsWire
VANCOUVER, BC, Aug. 6, 2020
/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./
TSX-V: NDR
VANCOUVER, BC, Aug. 6, 2020 /CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the "Company", "NDR", or "New Dimension" is pleased to announce:
Commencement 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.
Insiders will be participating in at least a minimum 9,000,000 shares.
Proceeds 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.
The Company may pay finders fee's in either cash, shares, share purchase warrants or a combination thereof, as permitted by regulators, on a portion of the Private Placements. Closing of the Private Placement is expected to occur on or before August 19, 2020. All securities issued under the Private Placements will be subject to a hold period of four months from the date of issuance of the securities.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act" or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
On Behalf of the Board of New Dimension Resources Ltd.
"Eric Roth"
Read More: https://investorshangout.com/NWDMF---New-Dime...z6UdUUhlKk
