Dixie Energy Trust - 2013-06-13
Description
Plans to launch a brokered and non-brokered private placement of up to 15 million units sold at $0.80 per unit. Casimir Capital Ltd. is lead agent for the syndicate of investment dealers of the brokered financing. Net proceeds will be used to fund the Fletcher acquisition in Mississippi and Alabama, to fund its 2013 capital expenditure program, and for general working capital requirements.