TORONTO, July 16, 2018 (GLOBE NEWSWIRE) -- In accordance with regulatory requirements, Dundee Corporation (TSX:DC.A) (“Dundee”) announces that, its wholly owned subsidiary, Goodman & Company, Investment Counsel Inc. has purchased on behalf of managed accounts, 2,000,000 units (“Units”) of Cantex Mine Development Corporation (the “Issuer”) at the price of $0.15 each for aggregate consideration of $300,000. Each Unit consists of one flow-through share and one warrant (“Warrant”). Each Warrant is exercisable for the purchase of one common share (“Share”) at a price of $0.20 for a period of 36 months.
Immediately prior to the acquisition of securities described in this news release, Dundee owned 1,204,545 Shares representing an approximate 9.22% interest in the Issuer on an undiluted basis. Immediately following the transaction that triggered the requirement to file this news release, Dundee owns or controls, directly or indirectly, an aggregate of 3,204,545 Shares and 2,000,000 Warrants representing a 12.96% interest on an undiluted basis and 19.48% interest on a partially diluted basis.
This news release is being issued in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report dated July 16, 2018. The early warning report respecting the acquisition has been filed on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com under the Issuer’s profile. To obtain a copy of the early warning report filed by Dundee, please contact:
Dundee Corporation
Legal Department
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
John Vincic
Investor and Media Relations
Dundee Corporation
(647) 402-6375
