NDR.V - New Dimension Resources
NDR.V Due Diligence Report
Price: $0.065
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/assets/files/13219/2020_06_ndr_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/projects/canadian-projects/savant-lake-project/
2) Domain Gold Project (Owned 30% / 70% Yamana YRI.T) - https://www.newdimensionresources.com/projects/canadian-projects/domain-project/
3) Las Calandrias Project (Owned 100% - Has 400k ounces of Gold Proven) - https://www.newdimensionresources.com/projects/argentina-projects/
4) Sierra Blanca Project (Owned 20% - Sold 80% Recently for $800,000 USD) - https://www.newdimensionresources.com/projects/argentina-projects/
5) Los Cisnes Project (Owned 100%? Does not specify) - https://www.newdimensionresources.com/projects/argentina-projects/
6) Company has mentioned in the last MD&A that they are looking for other gold assets.
Recent news:
New Dimension arranges $3.7-million private placement
2020-08-06 11:33 MT - News Release
Mr. Eric Roth reports
NEW DIMENSION ANNOUNCES PRIVATE PLACEMENT FINANCING FOR THE PURPOSES OF EMBARKING ON A NEW DIVERSIFICATION STRATEGY
New Dimension Resources Ltd. has noted:
Commencement of a private placement financing for gross proceeds of up to a maximum of $3.7-million, 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 under way on two regional opportunities;
New Dimension is seeking to enhance the company's growth strategy following the initial diversification out of Argentina (refer to news release dated April 1, 2020).
Subject to regulatory approval, New Dimension has initiated a private placement financing with a lead order from Palisades Goldcorp. The company intends to complete a non-brokered private placement of up to 60 million units at a price of six cents per unit for gross proceeds of up to $3.7-million. 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 12 cents per share for a period of 36 months.
Insiders will be participating in at least a minimum nine million 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' fees 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 Aug. 19, 2020. 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.
About New Dimension Resources Ltd.
New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade precious and base metal deposits. The Company's current focus is on the discovery through exploration and drilling of high-grade gold deposits on its 100%-owned Savant Lake project in Ontario and 29.6% interest in the Domain JV in Manitoba.
We seek Safe Harbor.
Additional news and information:
Yamana Update Regarding NDR Joint Venture Domain Property (July 23rd 2020)
https://www.yamana.com/English/investors/news/news-details/2020/Yamana-Gold-Reports-Second-Quarter-2020-Financial-Results-Strong-Cash-Flow-Generation-a-Further-Reduction-of-101-Million-in-Net-Debt-Jacobina-Phase-1-Expansion-Complete-Increasing-Dividend-by-a-Further-12-to-0.07-Per-Share/default.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
