Funds earmarked for exploration, acquisitions, general working capital
By Melissa Kory
Cleveland, March 24 - New Dimension Resources Ltd. said it increased its closed non-brokered private placement announced on Feb. 23 to C$1,209,000, or 6,045,000 units, from C$1.2 million, or 6 million units.
The units consisting of one common share and a warrant were sold at C$0.20 apiece. Each warrant is exercisable at C$0.30 for one year. The strike price reflects a 42.86% premium to the closing share price of C$0.21 on Feb. 22.
Proceeds will be used to further the company's exploration projects, fund possible new acquisitions and for general working capital.
The gold and silver explorer is based in Vancouver, B.C.
Issuer: | New Dimension Resources Ltd.
|
Issue: | Units of one common share and a warrant
|
Amount: | C$1,209,000
|
Units: | 6,045,000
|
Price: | C$0.20
|
Warrants: | One warrant per unit
|
Warrant expiration: | One year
|
Warrant strike price: | C$0.30
|
Agent: | Non-brokered
|
Pricing date: | Feb. 23
|
Stock symbol: | TSX Venture: NDR
|
Stock price: | C$0.21 at close Feb. 23
|
Market capitalization: | C$8.47 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.