| Home : April 2012 : April 24, 2012 News : New Dimension Closes Flow-Through Financing |
New Dimension Closes Flow-Through Financing |
April 24, 2012
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 24, 2012) - New Dimension Resources Ltd. (TSX VENTURE:NDR) (the "Company" or "New Dimension") announces it has closed its non-brokered private placement totaling 4,845,000 flow-through Units (the "Units") at a price of $0.10 per Flow-Through Unit for proceeds of $484,500. Each Unit consists of one flow-through common share plus one-half of one non-flow-through transferable common share purchase warrant with each whole warrant exercisable into a common share at a price of $0.20 for a period of 12 months from closing. Each warrant will be subjected to an accelerated exercise provision if the share price of New Dimension trades at or above $0.45 for 10 or more consecutive trading days.
http://www.marketwire.com/mw/release.do?id=1648326&sourceType=3
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