TORONTO, Feb. 13, 2019 (GLOBE NEWSWIRE) — In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A) (“Dundee”) announces that its wholly owned subsidiary, Dundee Resources Limited, has acquired 14,350,000 common shares of Reunion Gold Corporation (“Reunion”) pursuant to a private placement at the price of $0.15 each for aggregate consideration of $2,152,500.
Immediately prior to the acquisition of securities described in this report, Dundee owned indirectly 52,838,838 common shares and 3,730,769 warrants representing an approximate 16.48% interest in Reunion on an undiluted basis and a 17.45% interest on a partially diluted basis. Immediately following the transaction that triggered the requirement to file this report, Dundee owns 67,188,838 common shares and 3,730,769 warrants, representing an approximate 16.48% interest in Reunion on an undiluted basis and a 17.24% interest on a partially diluted basis.
Dundee acquired the securities of Reunion for investment purposes only. Dundee intends to review, on a continuous basis, various factors related to its investment, including (but not limited to and subject to applicable TSX Venture Exchange escrow requirements) the price and availability of the securities of Reunion, subsequent developments affecting Reunion or its business, and the general market and economic conditions. Based upon these and other factors, Dundee may decide to purchase additional securities of Reunion or may decide in the future to sell all or part of its investment.
For additional information, an early warning report can be found on SEDAR or may be obtained by contacting:
1 Adelaide Street East, Suite 2000
Toronto, Ontario M5C 2V9
Tel: (416) 350-3388
About Dundee Corporation
Dundee Corporation is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol “DC.A”. Through its operating subsidiaries, Dundee Corporation is engaged in diverse business activities in the areas of investment advisory, corporate finance, energy, resources, agriculture, real estate and infrastructure. Dundee Corporation also holds, directly and indirectly, a portfolio of investments mostly in these key areas, as well as other select investments in both publicly listed and private enterprises.
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