TSX-V: NDR
VANCOUVER, April 24, 2020 /CNW/ - New Dimension Resources
Ltd. (TSXV:NDR) (the "Company", or "New Dimension") announces that,
due to the impact on normal working conditions and other
restrictions caused by the COVID-19 pandemic, and pursuant to the
blanket relief granted by the Canadian Securities Administrators,
the Company will not file its quarterly financial statements for
the period ending February 29, 2020,
and the related Management Discussion and Analysis (MD&A), as
would otherwise be required by parts 4 and 5 of National Instrument
51-102 for Continuous Disclosure Obligations, prior to the filing
deadline of April 29, 2020.
The Company now expects to report its quarterly results on or
about May 31, 2020, which falls
within the maximum 45-day extension provided by the blanket relief
granted to all market participants by the Canadian Securities
Administrators as a result of COVID-19.
As of today's date, and other than as disclosed in the Company's
news releases, there have not been any material business
developments since the date that the last financial statements of
the company were filed.
The Company confirms that its management and other insiders are
subject to an insider trading blackout policy that reflects the
principles in Section 9 of National Policy 11-207, Failure-to-File
Cease Trade Orders and Revocations in Multiple Jurisdictions, such
that they are in a blackout period until the commencement of the
second trading day after the interim filings have been disclosed by
way of a news release.
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 throughout the Americas, with a focus on
high-grade precious metals deposits. The Company's current
focus is on advancing the Domain gold project in Manitoba (NDR 29.6% JV interest with Yamana
Gold Inc), together with the discovery of new high-grade gold
resources at the drill-ready and 100%-owned Savant Lake (Canada) and Sierra
Blanca (Argentina)
projects. The Company also continues to evaluate strategic
alternatives for the 100%-owned Las Calandrias and Los Cisnes
projects in the highly prospective Deseado Massif of Santa Cruz Province.
Cautionary Notes and Forward-looking
Statements
This news release contains forward-looking
information within the meaning of applicable securities
legislation. Forward-looking information is typically
identified by words such as: believe, expect, anticipate,
intend, estimate, postulate and similar expressions, or are those,
which, by their nature, refer to future events. Such
statements include, without limitation, statements regarding the
future results of operations, performance and achievements of New
Dimension, including the timing, completion of and results from the
exploration and drill programs described in this release.
Although the Company believes that such statements are
reasonable, it can give no assurances that such expectations will
prove to be correct. All such forward-looking information is
based on certain assumptions and analyses made by New Dimension in
light of their experience and perception of historical trends,
current conditions and expected future developments, as well as
other factors management believes are appropriate in the
circumstances. This information, however, is subject to a variety
of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected
in the forward-looking information. Important factors that could
cause actual results to differ from this forward-looking
information include those described under the heading "Risks and
Uncertainties" in New Dimension's most recently filed MD&A. New
Dimension does not intend, and expressly disclaims any obligation
to, update or revise the forward-looking information contained in
this news release, except as required by law. Readers are cautioned
not to place undue reliance on forward-looking information.
Neither the TSXV 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.
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SOURCE New Dimension Resources Ltd.