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Highlights
- Ryan Kalt acquired additional common share units of Dixie Gold Inc. through a private placement.
- Mr. Kalt now holds a significant portion of Dixie Gold’s shares, totaling over one-third of the company’s outstanding shares.
- This acquisition aligns with regulatory requirements, including disclosure under the Business Corporation Act of British Columbia.
Dixie Gold Inc. (TSXV:DG) operates within the mining exploration sector, focusing on precious metal exploration in Canada. The company holds multiple exploration properties, and its business activities concentrate on discovering and developing mineral resources, including gold. This sector is known for its reliance on private placements and similar financing methods to fund operations and continue exploration activities.
Details of the Acquisition
Ryan Kalt, an established figure in the Canadian resource sector, has increased his stake in Dixie Gold through a private placement transaction. This transaction, which took place on October 17, 2024, involved the acquisition of additional common share units. Through this direct acquisition, Mr. Kalt now holds a significant ownership portion of Dixie Gold's outstanding shares, reinforcing his existing position within the company.
Shareholding Information
Following this transaction, Ryan Kalt’s overall control of Dixie Gold now stands at over one-third of the company’s issued shares. This increase in shares follows the private placement’s completion, adding a notable amount to his existing holdings. The acquisition further consolidates Mr. Kalt’s influence within the company, as he also serves as an officer and director.
Regulatory Compliance
This transaction adheres to regulatory requirements, including provisions under the Business Corporation Act of British Columbia. As Mr. Kalt holds an official position within the company, he was required to abstain from voting on matters specific to the private placement. Additionally, necessary filings were completed to ensure compliance with disclosure regulations.
