Business
Dixie Gold Inc. Announces $250,000 Capital Raise
(TheNewswire) Vancouver, British Columbia – TheNewswire - March 6, 2024 ...
About this update from Dixie Gold Inc.
[{"type":"text","content":"Dixie Gold Inc. Announces $250,000 Capital Raise\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire -\n \n \n March 6, 2024 – Dixie Gold Inc.\n \n \n (TSX VENTURE: DG) (“\n \n \n Dixie Gold\n \n \n ” or the\n“\n \n \n Corporation”\n \n \n ) announces that it intends to conduct a non-brokered private\nplacement to raise capital, as further set by the parameters of its\nmarket-traded price.\n \n \n \n \n The Corporation intends to conduct a non-brokered\ncommon share unit financing (the \"\n \n \n Financing\n \n \n \")\nconsisting of up to 5,000,000 common share units (the “\n \n \n Units\n \n \n ”) to be\nissued at a price of $0.05 per Unit.\n \n \n \n \n Each Unit will consist of one common share of the\nCorporation (a \"\n \n \n Unit\nShare\n \n \n \") and one common share purchase\nwarrant (a “\n \n \n Warrant\n \n \n ”) that entitles the holder of a\nWarrant, upon further payment to the Corporation, to acquire one\nadditional common share of the Corporation (a \"\n \n \n Warrant Share\n \n \n \")\nat an exercise price of $0.06 per Warrant Share on any date prior to\nthe date which is 60 months following the closing date of the\nFinancing or tranche thereunder.\n \n \n \n \n The Corporation intends to use the proceeds of the\nFinancing for working capital purposes.\n \n \n \n \n The Corporation may pay a 6% cash finder’s fee on\ncertain subscriptions under the Financing.\n \n \n \n \n Insiders (as that term is defined by securities laws)\nmay participate for 25% or more of the Financing in effort to support\nthe financial position of the Corporation.\n \n \n \n \n The Financing is subject to all applicable regulatory\napprovals as well as a customary four-month hold period on securities\nissued, all as pursuant to applicable securities laws of\nCanada.\n \n \n \n \n \n About Dixie Gold\nInc.\n \n \n \n \n \n Dixie Gold Inc. (TSXV: DG) is a publicly traded\nexploration company holding a portfolio of exploration projects in\nCanada.\n \n \n \n \n For more information, please visit\n \n \n \n www.dixiegold.ca\n \n \n \n \n \n Signed,\n \n \n \n \n Ryan Kalt\n \n Chief Executive Officer\n \n Dixie Gold Inc.\n \n \n \n \n Forward-Looking Statements\n \n \n \n \n This news release contai...