Dundee Corporation
TSX : DC.A

Dundee Corporation

September 16, 2013 11:57 ET

Dundee Corporation Acquires Further Interest in Woulfe Mining Corp.

TORONTO, ONTARIO--(Marketwired - Sept. 16, 2013) - In accordance with regulatory requirements, Dundee Corporation (TSX:DC.A) ("Dundee") announces that it has acquired in a private placement, 10,000,000 units ("Units") of Woulfe Mining Corp. ("Woulfe Mining") at a price of $0.10 per Unit. Each unit consists of one common share ("Share") in the capital of Woulfe Mining and one common share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Share at a price of $0.12 per Share at any time within 36 months.

When aggregated with Dundee's existing position in Woulfe Mining, Dundee now owns or controls 53,317,500 Shares and Warrants exercisable for the purchase of 21,057,500 Shares representing an approximate 15.42% interest on an undiluted basis and 20.27% assuming the conversion of all Warrants.

The position in Woulfe Mining was acquired for investment purposes and may be increased or decreased in the future as considered appropriate in light of investment criteria, market conditions and other factors and in accordance with the provisions of applicable securities legislation.

ABOUT DUNDEE CORPORATION

Dundee Corporation is a public Canadian independent holding company listed on the Toronto Stock Exchange ("TSX") under the symbol "DC.A." Through its operating subsidiaries, Dundee Corporation is engaged in diverse business activities in the areas of its core competencies including investment advisory and corporate finance, energy, resources, agriculture, real estate and infrastructure. Dundee Corporation also holds, directly and indirectly, a portfolio of investments mostly in these core focus areas, as well as other select investments in both publicly listed and private companies.

Contact Information

  • Dundee Corporation
    Ned Goodman
    President and Chief Executive Officer
    (416) 365-5665

    Dundee Corporation
    Lucie Presot
    Vice President and Chief Financial Officer
    (416) 365-5157