Dixie Gold Inc.: Smart Financing Preserves Capital

Dixie Gold Inc. (TSE:DG) has released an update.

Dixie Gold Inc. has reported over $600,000 in third-party expenditures for its Red Lake Gold Project in Ontario, avoiding share dilution by not funding the expenses internally. This strategy, seen as prudent by the company amidst the volatile market for junior equities, has been part of their risk management approach. Although the third-party earn-in is now discontinued, no further work is recommended for the project as per the latest assessment report available on the Government of Ontario’s website.

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