Overview of Recent Acquisition
Dundee Corporation (TSX: DC.A) has announced that its wholly-owned subsidiary, Dundee Resources Limited, recently acquired 2,000,000 common shares of Greenheart Gold Inc. (TSXV: GHRT) at a price of C$0.50 per share, totaling an investment of C$1,000,000. This acquisition is part of the Issuer's bought deal private placement and signifies Dundee's active involvement in the mining sector.
Strategic Shareholding Increase
Prior to this acquisition, Dundee and its affiliates held 9,768,366 common shares of Greenheart Gold Inc., which represented approximately 12.07% of ownership on an undiluted basis. With the new purchase, Dundee's total holdings increase to 11,768,366 common shares, reflecting a reduced approximate ownership interest of 7.68% in the Issuer post-transaction.
Focus on Long-Term Value
Dundee Corporation acquired these shares solely for investment purposes. The company consistently examines various factors that could influence its investment, including market price trends and business developments pertaining to the Issuer. This ongoing assessment might prompt Dundee to purchase additional shares in the future or to sell parts of its existing holdings.
Transparency in Reporting
This announcement has been made in compliance with the National Instrument 62-103, which governs the Early Warning System and related reporting requirements. An early warning report detailing the acquisition will be made available on the System for Electronic Document Analysis and Retrieval (SEDAR) under Greenheart Gold Inc.'s profile. Individuals interested can access this report to learn more about the conditions and implications of this transaction.
About Dundee Corporation
Dundee Corporation is an independent public holding company based in Canada, actively listed on the Toronto Stock Exchange under the ticker DC.A. The firm specializes in the mining sector and has a rich history of over 30 years, focusing on making strategic investments that create sustainable value for its stakeholders. Dundee is recognized as a reputable partner in the mining industry, utilizing its extensive experience and resources to support growth and development.
Contact Information
For inquiries related to this acquisition or further information about Dundee Corporation, individuals can reach out to the legal department at:
Dundee Corporation
Legal Department
80 Richmond Street West, Suite 2000
Toronto, Ontario M5H 2A4
Tel: (416) 365-5172
Frequently Asked Questions
What recent acquisition did Dundee Corporation make?
Dundee Corporation acquired 2,000,000 common shares of Greenheart Gold Inc. for C$1,000,000.
What is the significance of this acquisition?
This acquisition enhances Dundee's position in Greenheart Gold Inc. and reflects its strategy of active investment in the mining sector.
How much does Dundee Corporation now own of Greenheart Gold Inc.?
With the recent acquisition, Dundee owns a total of 11,768,366 common shares, representing an approximate 7.68% interest.
What is Dundee Corporation's focus in investments?
Dundee Corporation aims to deliver long-term, sustainable value and regularly reviews market conditions affecting its investments.
How can one obtain more information about this acquisition?
Individuals can obtain more information by contacting Dundee Corporation’s legal department or accessing the early warning report on SEDAR.
