Business
Dixie Gold Inc. Announces Financing
(TheNewswire) Vancouver, British Columbia – TheNewswire - August 22, 2024 &#...
About this update from Dixie Gold Inc.
[{"type":"text","content":"Dixie Gold Inc. Announces Financing\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 August 22, 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 ) reports that it intends to conduct a non-brokered financing\n(the “\n \n\n Financing\n \n\n ”) to consist of up to 5,000,000 common share units (the\n“\n \n\n Units\n \n\n ”).\n \n\n\n\n Units under the Financing will be issued at a price of\n$0.05 per Unit and each Unit shall 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 purchase one\nadditional common share of the Corporation (a \"\n \n\n Warrant Share\n \n\n \")\nat an exercise price of $0.05 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 (the “\n \n\n Use of Proceeds\n \n\n ”).\n \n\n\n\n Dixie Gold may pay a 6% cash finder’s fee on certain\nsubscriptions under the Financing, which excludes cash finder’s fees\non subscriptions by Insiders (as that term is defined by securities\nlaws) who may in turn participate for greater than 25% of the\nFinancing.\n \n\n\n\n If completed, either in part or in whole, the Financing\nshall be subject to all applicable regulatory approvals as well as a\ncustomary four-month and one day hold period on securities issued\nthereunder (pursuant to the 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\n www.dixiegold.ca\n \n\n\n\n\n\n On Behalf of the Board of\nDirectors\n \n\n\n\n Nicholas Koo\n \n Chief Financial Officer\n \n Dixie Gold Inc.\n \n T: 604.687.2038\n \n\n\n\n Forward-Looking Statements\n \n\n\n\n This news release contains forward-looking statements.\nForward-lo...