New Dimension Appoints New Chief Financial Officer
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/16/11 -- New Dimension Resources Ltd. (TSX VENTURE: NDR) (the 'Company' or 'New Dimension') is pleased to announce the appointment of Wayne Johnstone C.A., as its Chief Financial Officer.
Mr. Johnstone graduated from the University of British Columbia in 1977 with a Bachelor of Commerce (Finance) degree and in 1979 earned his chartered accountant designation. He has over 30 years of financial experience with public and private companies. During the past 25 years, Mr. Johnstone has focused on mineral exploration and development stage public companies throughout North and South America. Mr. Johnstone was previously Chief Financial Officer of Creston Moly Corp., during which time he played a significant role with the company prior to its acquisition by Mercator Minerals Ltd.
'I am very pleased to welcome Wayne to the Company,' said Fred Hewett, President & CEO of New Dimension. 'I am confident that his extensive experience with exploration and development stage companies will be a significant asset to our team. I would also like to thank Bernie Zaharias who provided excellent financial guidance during his tenure as CFO with the Company.'
Subject to regulatory approval and upon availability under the Company's Stock Option Plan, the Company has granted 230,000 stock options at $0.15 to officers and employees. All of the options are exercisable for a period of 5 years from the date of grant.
The information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Fred Hewett, the Company's President & CEO, a director and a Qualified Person under NI 43-101.
ON BEHALF OF THE BOARD
NEW DIMENSION RESOURCES LTD.
Fred G. Hewett, P.Eng., President & CEO
This news release may contain forward-looking statements which are not historical facts, such as statements of belief of similarity of geological characteristics or features, statements of unverified drilling and sampling results and expectations of receipt of permits and plans for future work. Forward-looking statements involve 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, unexpected geological factors, exploration results, results of verification work and unanticipated regulatory obstacles. See New Dimension's filings for a more detailed discussion of factors that may impact expected results.
This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
New Dimension Resources Ltd.
Fred Hewett, P.Eng.
President & CEO
604-687-7545 or 1-888-338-2200
New Dimension Resources Ltd.
Chris Curran
604-687-7545 or 1-888-338-2200
604-689-5041 (FAX)
info@northair.com
www.newdimensionresources.com