(via TheNewswire)
The Corporation intends to conduct a non-brokered common share unit financing (the "Financing") consisting of up to 5,000,000 common share units (the “Units”) to be issued at a price of
Each Unit will consist of one common share of the Corporation (a "Unit Share") and one common share purchase warrant (a “Warrant”) that entitles the holder of a Warrant, upon further payment to the Corporation, to acquire one additional common share of the Corporation (a "Warrant Share") at an exercise price of
The Corporation intends to use the proceeds of the Financing for working capital purposes.
The Corporation does not intend to pay any finder’s fees under the Financing, with today’s announcement, if successfully placed, expected to result in greater net proceeds for the Corporation as compared to a financing of gross proceeds minus finder’s fees.
Insiders (as that term is defined by securities laws) may participate for 25% or more of the Financing in effort to support the financial position of the Corporation.
The Financing is subject to all applicable regulatory approvals, including by the
Cancellation of Prior Financing
The Corporation has cancelled its previously announced private placement (see news release,
About
For more information, please visitwww.dixiegold.ca
Signed,
Chief Executive Officer
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Canadian securities laws. Some of the forward-looking statements can be identified by the use of forward-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 expressions are intended to identify forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties, including but not limited to the matters related to the Financing, such as the number of Units issued, if any, and the closing, if any, of the Financing. Actual results may differ materially from those currently expected or forecast in such statements.
Neither the
Contact Info:
Chief Executive Officer
T: 604.687.2038
E.info@dixiegold.ca
W.www.dixiegold.ca
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