Dundee Corporation
TSX : DC.A

Dundee Corporation

October 01, 2014 11:49 ET

Dundee Corporation Acquires Further Interest in Xylitol Canada Inc.

TORONTO, ONTARIO--(Marketwired - Oct. 1, 2014) - In accordance with regulatory requirements, Dundee Corporation (TSX:DC.A) ("Dundee") announces that it has acquired, through a wholly owned subsidiary, 4,000,000 common shares of Xylitol Canada Inc. ("Xylitol") in a private placement at a price of $0.25 per common share.

Dundee currently owns or controls 25,651,901 common shares and 4,444,444 warrants in the capital of Xylitol representing an approximate 27.55% interest or 30.85% assuming the exercise of all warrants.

The position in Xylitol 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

Dundee is a public Canadian independent holding company listed on the Toronto Stock Exchange under the symbol "DC.A". Through its operating subsidiaries, Dundee 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 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
    Lucie Presot
    Vice President and Chief Financial Officer
    (416) 365-5157

    Dundee Corporation
    Lili Mance
    Corporate Secretary
    (416) 365-2582