Dundee Corporation

Dundee Corporation

April 20, 2011 18:07 ET

Dundee Corporation Acquires Interest in Eurotin Inc.

TORONTO, ONTARIO--(Marketwire - April 20, 2011) - In accordance with regulatory requirements, Dundee Corporation(TSX:DC.A)(TSX:DC.PR.A)(TSX:DC.PR.B) announced today that pursuant to the Qualifying Transaction of Eurotin Inc. ("Eurotin") with Stannico Resources Inc. under the provisions of the TSX Venture Exchange Policy 2.4, Dundee Corporation and an account advised by its subsidiary, Ned Goodman Investment Counsel Limited, have received an aggregate of 7,250,000 common shares (each a "Common Share") and 2,125,000 warrants (each a "Warrant") of Eurotin. Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.30 until December 15, 2012. This represents an approximate 13.0% interest on an undiluted basis and an approximate 16.19% interest assuming the conversion of all Warrants.

The position in Eurotin 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 & Chief Executive Officer
    (416) 365-5665

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