New Dimension Resources Ltd.

New Dimension Resources Ltd.

January 04, 2008 10:15 ET

New Dimension Resources Ltd.: Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 4, 2008) - New Dimension Resources Ltd. ("New Dimension") (TSX VENTURE:NDR), has arranged a non-brokered private placement of 1,500,000 Units at a price of $0.20 per Unit. Each Unit shall be comprised of one common share and one warrant, with each warrant being exercisable for one year to purchase one common share for $0.45.

New Dimension shall pay a finders fee in respect of purchasers of securities introduced to the Company by the Finder. The finders' fee shall equal 7% of the aggregate amount paid by purchasers, to be paid by cash or the issue of Units of the Company having the same terms as the Offered Units at the election of the Finder.

This private placement share offering is subject to, among other things, receipt by New Dimension of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

New Dimension is currently engaged in a drill program on its GV3 Project in Nevada, and continues to explore its projects in Nevada and Peru while pursuing other attractive exploration opportunities in the Americas.


Fred G. Hewett, P.Eng., President & CEO

This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See the Company's Sedar filings for a more detailed discussion of factors that may impact expected results.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information