DG:CC - Dixie Gold Inc. Announces $250000 Capital Raise
(TheNewswire)
Vancouver, British Columbia – TheNewswire - March 6, 2024 – Dixie Gold Inc. (TSX VENTURE: DG) (“ Dixie Gold ” or the“ Corporation” ) announces that it intends to conduct a non-brokered privateplacement to raise capital, as further set by the parameters of itsmarket-traded price.
The Corporation intends to conduct a non-brokeredcommon share unit financing (the " Financing ")consisting of up to 5,000,000 common share units (the “ Units ”) to beissued at a price of $0.05 per Unit.
Each Unit will consist of one common share of theCorporation (a " UnitShare ") and one common share purchasewarrant (a “ Warrant ”) that entitles the holder of aWarrant, upon further payment to the Corporation, to acquire oneadditional common share of the Corporation (a " Warrant Share ")at an exercise price of $0.06 per Warrant Share on any date prior tothe date which is 60 months following the closing date of theFinancing or tranche thereunder.
The Corporation intends to use the proceeds of theFinancing for working capital purposes.
The Corporation may pay a 6% cash finder’s fee oncertain subscriptions under the Financing.
Insiders (as that term is defined by securities laws)may participate for 25% or more of the Financing in effort to supportthe financial position of the Corporation.
The Financing is subject to all applicable regulatoryapprovals as well as a customary four-month hold period on securitiesissued, all as pursuant to applicable securities laws ofCanada.
About Dixie GoldInc.
Dixie Gold Inc. (TSXV: DG) is a publicly tradedexploration company holding a portfolio of exploration projects inCanada.
For more information, please visit www.dixiegold.ca
Signed,
Ryan Kalt
Chief Executive Officer
Dixie Gold Inc.
Forward-Looking Statements
This news release contains forward-looking statementswithin the meaning of Canadian securities laws. Some of theforward-looking statements can be identified by the use offorward-looking words. Statements that are not historical in nature,including the words "anticipate," "expect,""suggest," "plan," "believe,""intend,", “intention” "estimate,""target," "project," "should,""could," "would," "may,""will," "forecast" and other similar expressionsare intended to identify forward-looking statements. Forward-lookingstatements address future events and conditions and therefore involveinherent risks and uncertainties, including but not limited to thematters related to the Financing, such as the number of Units issued,if any, and the closing, if any, of theFinancing. Actual results may differ materially from those currentlyexpected or forecast in such statements.
Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of thisrelease.
Contact Info:
Ryan Kalt
Chief Executive Officer
Dixie Gold Inc.
T: 604.687.2038
E. info@dixiegold.ca
W. www.dixiegold.ca
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