Graphene Manufacturing Group Ltd. press release
New Dimension Resources - Shares for Debt Settlement
TSXV - TSX Venture Exchange · Australia
Canada NewsWire
VANCOUVER, BC, Sept. 16, 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, Sept. 16, 2020/CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the "Company", "NDR", or "New Dimension") further to the Company's news release of September 8, 2020wherein it announced the settlement of $512,722indebtedness by the issuance of 8,545,365 ordinary shares; today announced that it has settled Company indebtedness of C$385,963due to current and former insiders of the Company with the issuance of 6,432,714 common shares of the Company. The settled indebtedness consists of $45,582in fees due to former directors of the Company; $47,500due to the current CEO and outstanding debt balance of $292,881which consists of full and partial payment of loans provided to the Company by current insiders. Any unsettled debt will be paid in normal course.
The shares issued in settlement are subject to a hold period trading restriction expiring on January 16, 2021.
On Behalf of the Board of New Dimension Resources Ltd.
"Eric Roth"
_Eric Roth, Ph.D., FAusIMM President & CEO
About New Dimension Resources
New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and base metal deposits. The Company's current focus is on the discovery through exploration of high-grade gold deposits on its newly-acquired 100%-owned Southern Gold Line Project (Sweden), as well as on its existing 100%-owned Savant Lakeproject in Ontarioand its 29.6% interest in the Domain Joint Venture with Yamana Gold in Manitoba (Canada). In addition, the Company has acquired 100% interests in two large properties covering the past-producing Løkken and Kjøli copper-rich massive sulfide deposits in central Norwayand in which drill-ready targets have already been identified.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE New Dimension Resources Ltd.
View original content: http://www.newswire.ca/en/releases/archive/September2020/16/c6977.html
New Dimension Contacts: Eric Roth, Email: info@newdimensionresources.com; Karen Davies, +1 604-314-2662Copyright CNW Group 2020