Dixie Gold Inc. (TSE:DG) has released an update.
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Dixie Gold Inc. has announced its plan to undertake a non-brokered private placement with the aim to raise funds by issuing up to 5 million common share units at $0.05 each, which include a share and a five-year warrant. The proceeds are earmarked for working capital purposes, and the placement will not involve finder’s fees, potentially increasing net proceeds. The offer is subject to regulatory approvals and includes a standard four-month hold period.
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