DG:CC - Early Warning Notice Regarding Dixie Gold Inc.
(TheNewswire)
This press release is issued pursuant to MultilateralInstrument 62-104 - Take-Over Bids and Issuer Bids and NationalInstrument 62-103 - TheEarly Warning System and Related Take-Over Bid and Insider ReportingIssues .
Calgary, Alberta – TheNewswire - March 18, 2024 –Mr. Ryan Kalt (the “ Acquiror ”) reports that he has privatelyacquired 5,000,000 common share units (the “ Acquired Units ”) ofDixie Gold Inc. (TSXV:DG)(“ Dixie Gold ” or the “ Issuer ”) on adirect basis through a private placement (the “ Financing ”)conducted by the Issuer for which cash consideration of $250,000.00was paid to the Issuer (the “ EWR Reporting Event ”) . The Acquired Units were acquiredat close of the Financing (being March 15, 2024) and were acquiredpursuant to the terms of the Financing announced by the Issuer (seeDixie Gold news releases dated March 12, 2024, and March 15, 2024),and likewise as set out in the Form 62-103F1associated with this early warning notice.
The Acquired Units were personally acquired by Mr.Kalt, on a direct basis, for investment purposes.
Under the Business Corporation Act (British Columbia),which applies to the Issuer, Mr. Kalt, who is an officer and directorof the Issuer, abstained from voting on resolutions specific to theFinancing and duly provided all applicable notices under theregulations.
For informational purposes only, the Acquiror was dulyapproved as a Control Person of the Issuer (as that term is defined bysecurities regulations) at a shareholder meeting held by the Issuer onDecember 18, 2023 (the “ Control Person Approval ”) and in addition tothe Acquired Units but since receiving the Control Person Approval,Mr. Kalt has also indirectly acquired through Kalt Industries Ltd., acorporation wholly owned by him, a further 497,000 common shares ofthe Issuer by way of open market facilities at an average price ofapproximately $0.132 per common share between the period beginningDecember 19, 2023 and ending March 14, 2024.
As at the date hereof, Mr. Kalt now owns and controls,on a direct and indirect basis (and in the aggregate), a total of10,619,875 common shares of Dixie Gold, representing approximately34.6% of the Issuer’s currently issued and outstanding commonshares.
Mr. Kalt and/or corporate entities owned by him mayacquire additional securities of theIssuer either on the open market or throughprivate acquisitions or sell securities of theIssuer either on the open market or throughprivate dispositions in the future depending on market conditions,reformulation of plans and/or other relevant factors. Other than theforegoing, Mr. Kalt and/or corporate entities owned by him do not haveplans or any future intentions which relate to or would result in anyof the other foregoing matters .
“ Ryan Kalt ”
Ryan Kalt
The Form 62-103F1 – Required Disclosure under the Early Warning Requirements associated with this news release can beobtained from SEDAR+ atwww.sedarplus.ca. In the alternate, to obtain acopy of the report, please contact Mr. Kalt at 1.403.454.2984.
The TSX Venture Exchange has notreviewed, approved or disapproved the contents of this pressrelease.
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