Dundee Corporation

Dundee Corporation

February 27, 2012 16:22 ET

Dundee Corporation Acquires Interest in APIC Petroleum Corporation

TORONTO, ONTARIO--(Marketwire - Feb. 27, 2012) - In accordance with regulatory requirements, Dundee Corporation (TSX:DC.A) announced today that pursuant to the previously announced private placement of APIC Petroleum Corporation ("APIC"), Dundee Corporation has purchased 10,000,000 common shares of APIC ("Common Shares") at an issue price of $0.20 per Common Share. The position held by Dundee Corporation represents an approximate 12.81% interest in APIC.

The position in APIC 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.

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