Dixie Gold Inc. (TSE:DG) has released an update.
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Dixie Gold Inc., a publicly traded exploration company, has announced a plan to raise $250,000 through a non-brokered private placement of up to 5 million common share units at $0.05 each. These units include both a common share and a purchase warrant, which allows buying an additional share at $0.06 within 60 months. The funds raised are intended for working capital, and the initiative may involve a 6% cash finder’s fee and participation from insiders.
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