06:23:08 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Dixie Gold Inc (2)
Symbol DG
Shares Issued 25,737,188
Close 2024-03-15 C$ 0.06
Market Cap C$ 1,544,231
Recent Sedar Documents

Dixie Gold director Kalt acquires five million units

2024-03-18 14:09 ET - News Release

Mr. Ryan Kalt reports

EARLY WARNING NOTICE REGARDING DIXIE GOLD INC.

Ryan Kalt (the acquiror) has privately acquired five million common share units of Dixie Gold Inc. (the issuer) on a direct basis through a private placement conducted by the issuer for which cash consideration of $250,000 was paid to the issuer. The acquired units were acquired at close of the financing (being March 15, 2024) and were acquired pursuant to the terms of the financing announced by the issuer (see Dixie Gold news releases dated March 12, 2024, and March 15, 2024), and likewise as set out in the Form 62-103F1 associated with this early warning notice.

The acquired units were personally acquired by Mr. Kalt, on a direct basis, for investment purposes.

Under the Business Corporation Act (British Columbia), which applies to the issuer, Mr. Kalt, who is an officer and director of the issuer, abstained from voting on resolutions specific to the financing and duly provided all applicable notices under the regulations.

For informational purposes only, the acquiror was duly approved as a control person of the issuer (as that term is defined by securities regulations) at a shareholder meeting held by the issuer on Dec. 18, 2023, and in addition to the acquired units but since receiving the control person approval, Mr. Kalt has also indirectly acquired through Kalt Industries Ltd., a corporation wholly owned by him, a further 497,000 common shares of the issuer by way of open market facilities at an average price of approximately 13.2 cents per common share between the period beginning Dec. 19, 2023, and ending March 14, 2024.

As at the date hereof, Mr. Kalt now owns and controls, on a direct and indirect basis (and in the aggregate), a total of 10,619,875 common shares of Dixie Gold, representing approximately 34.6 per cent of the issuer's currently issued and outstanding common shares.

Mr. Kalt and/or corporate entities owned by him may acquire additional securities of the Issuer either on the open market or through private acquisitions or sell securities of the issuer either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. Other than the foregoing, Mr. Kalt and/or corporate entities owned by him do not have plans or any future intentions which relate to or would result in any of the other foregoing matters.

The Form 62-103F1 -- Required Disclosure under the Early Warning Requirements associated with this news release can be obtained from SEDAR+. In the alternate, to obtain a copy of the report, please contact Mr. Kalt at 1-403-454-2984.

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