Dundee Corporation Grows Its Stake in SPC Nickel Corp.

Recent Share Acquisition by Dundee Corporation

In a strategic move within the investment landscape, Dundee Corporation (TSX: DC.A) recently made headlines with its acquisition of shares from SPC Nickel Corp. This transaction involves the purchase of 10,966,095 common shares at $0.03 per share, culminating in a total investment of $330,298.78. This decision signifies Dundee's commitment to enhancing its portfolio in the mining sector.

Prior Ownership and Increased Stake

Before this significant acquisition, Dundee Corporation, along with its affiliates, held 23,748,555 common shares and 3,000,000 warrants, which amounted to approximately 12.35% of SPC Nickel Corp. on an undiluted basis. Post-transaction, Dundee's holdings have surged to a total of 34,714,650 common shares, resulting in an increased interest of roughly 18.05% on an undiluted basis. This shift depicts not only a significant investment but also a growing confidence in SPC Nickel’s future prospects.

Dundee's Ongoing Commitment to Investment Strategy

While Dundee acquired the shares primarily for investment purposes, the corporation is proactive in assessing its investments. The management team routinely evaluates several factors that could influence their decision-making strategies. This includes analyzing market trends, the performance of SPC Nickel Corp., and broader economic conditions. It is this vigilant approach that positions Dundee as a forward-thinking player in the investment arena.

Continuous Monitoring and Future Decisions

Dundee Corporation's strategy is characterized by its commitment to continuous monitoring of its investment portfolio. The leadership team remains attentive to various elements surrounding SPC Nickel Corp. that could impact future trading. Depending on these evaluations, Dundee may elect to purchase additional securities or potentially sell some of its existing shares, ensuring flexibility in its investment strategy.

Regulatory Compliance and Reporting

This announcement coincides with Dundee's adherence to regulatory requirements, particularly the National Instrument 62-103 concerning the Early Warning System and Reporting Issues. As per the guidelines, an early warning report has been prepared and will be available on the System for Electronic Document Analysis and Retrieval (SEDAR) under SPC Nickel Corp.'s profile. This transparency underlines Dundee's commitment to maintaining open communications with its stakeholders.

About Dundee Corporation

Dundee Corporation is a prominent Canadian independent holding company with a proud listing on the Toronto Stock Exchange under the ticker symbol DC.A. The company has built its reputation on over 30 years of strategic investments within the mining sector, focusing on creating sustainable value for all stakeholders involved. As a trusted partner, Dundee is committed to advancing its mission while navigating market dynamics.

Contact Information for Inquiries

For further inquiry related to this new acquisition or additional information, stakeholders can reach out to Dundee Corporation's Investor and Media Relations team. The contact number is (416) 864-3584, and inquiries can be directed via email.

Frequently Asked Questions

What shares did Dundee Corporation acquire?

Dundee Corporation acquired 10,966,095 common shares of SPC Nickel Corp.

What is the price per share for this acquisition?

The shares were purchased at a price of $0.03 each.

What percentage of SPC Nickel Corp. does Dundee own after this acquisition?

Dundee Corporation now holds approximately 18.05% of SPC Nickel Corp. on an undiluted basis.

What are Dundee Corporation’s intentions regarding this investment?

Dundee aims to continuously review its investment strategy and may consider purchasing more shares in the future or selling part of its holdings.

How can I contact Dundee Corporation for more information?

You can contact Dundee Corporation’s Investor and Media Relations team at (416) 864-3584 or via email.

About The Author

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