Ann: Trading Halt, page-31

Wow, was not expecting that to be honest, I thought we would have bought one tenement and issued shares to the vendor. It looks like we are going all in here, especially given the premium paid to acquire Dixie gold. I’ve included a link below for holders to review Dixie gold’s respective projects. Given the capital required to be paid 3 million Canadian post the exclusivity period, we will evidently be raising capital to pay for this deal. From what I can see Dixie seems to have accumulated a quality portfolio of various different projects, there strategy must have been to acquire projects and then ultimately sell. Similar to how land bankers operate.

I’ve also included a couple of separate links which I thought were interesting around one of their projects, red lake. Barrick Gold a circa 30 billion Canadian company entered into a earn in agreement to secure up to 70% of the project if they spent 4 million in exploration dollars so they obviously conducted their due diligence and liked what they saw. They then tried to bully this small company with a lawsuit of 120 million effectively trying to secure the 70% through litigation strategy. Dixie ended up winning and Barrick’s attempt was dismissed and even had to pay their legal fees. What this tells me, is this particular project is a quality project and we have tier one majors sniffing around. Looking forward to advancing this project and seeing what we can discover. Cheers, CP.

https://www.dixiegold.ca/

https://www.dixiegold.ca/20211103-dixie-gold-inc.-announces-agreement-with-barrick-gold

https://www.dixiegold.ca/20230418-dixie-gold-inc.-resolves-120-million-statement-of-claim-over-70-earn-in-option-at-red-lake-gold-project