Dundee Corporation Acquires Interest in Eurotin Inc.
21 April 2011 - 8:07AM
Marketwired
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.
Contacts: Dundee Corporation Ned Goodman President & Chief
Executive Officer (416) 365-5665 Dundee Corporation Lucie Presot
Vice President & Chief Financial Officer (416) 365-5157
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