Dundee Resources Limited

July 07, 2010 12:39 ET

Dundee Resources Acquires Interest in Energy Fuels Inc.

TORONTO, ONTARIO--(Marketwire - July 7, 2010) - In accordance with regulatory requirements, Dundee Resources Limited ("Dundee Resources") announced today that it has acquired an aggregate of 19,250,000 common shares of Energy Fuels Inc. ("Energy Fuels") at a price of $0.16 per common share pursuant to a non-brokered private placement financing. These holdings represent an approximate 19.8% ownership interest on an undiluted basis in Energy Fuels.

The position in Energy Fuels 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 RESOURCES

Dundee Resources is a wholly owned subsidiary of Dundee Corporation (TSX:DC.A) and carries out Dundee Corporation's resource investments and initiatives.

Contact Information

  • Dundee Resources Limited
    Ned Goodman
    Chairman
    (416) 365-5665
    or
    Dundee Resources Limited
    Murray John
    President and Chief Executive Officer
    (416) 365-5645