Dixie Gold Inc. Delivers Termination Notice to Earn-In Party re: Red Lake Project
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Vancouver, British Columbia – TheNewswire - June 8, 2022 – Dixie Gold Inc. (TSXV:DG) (“Dixie Gold” or the “Corporation”) reports that on June 7, 2022 it delivered a termination notice to the arm’s-length third-party (the “Earn-In Party”) as concerns the participation right of the Earn-In Party under the previously announced agreement involving Dixie Gold’s Red Lake Project (the “Project”) according to a provision pertaining to incurable material breaches.
The Corporation would retain its original 100% working interest in the Project, save and except for a successful legal challenge by the Earn-In Party.
Dixie Gold shall provide further update to shareholders on applicable developments and particulars, as and if applicable.
About Dixie Gold Inc.
Dixie Gold Inc. (TSXV: DG) is a publicly-traded exploration company involved in a diverse portfolio of high-impact exploration projects in Canada.
The Company has 25,737,188 common shares issued, with no warrants outstanding.
For more information, please visit www.dixiegold.ca
Signed,
Ryan Kalt
Chief Executive Officer
Dixie Gold Inc.
Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Info:
Ryan Kalt
Chief Executive Officer
Dixie Gold Inc.
E. info@dixiegold.ca