Dixie Gold Inc. announced a non-brokered private placement of up to 5,000,000 common shares units at a price of CAD 0.05 per unit for the gross proceeds of CAD 250,000 on March 12, 2024. Each unit will consists of one common share and one common share purchase warrant that entitles the holder of a warrant to acquire one additional common share at an exercise price of CAD 0.05 per warrant share or any date prior to the date which is 60 months following the closing date of the financing. The company may pay 6% cash finder's fees on certain subscriptions under the financing.

Insiders may participate for 25% or more of the financing in effort to support the financial position of the company. The transaction is subject to all applicable regulatory approvals, including by the TSX Venture Exchange, as well as a customary four-month hold period on securities issued, all as pursuant to applicable securities laws of Canada.