Dundee Corporation Acquires Further Interest in American Vanadium Corp.
07 Marzo 2014 - 11:27PM
Marketwired
Dundee Corporation Acquires Further Interest in American Vanadium
Corp.
TORONTO, ONTARIO--(Marketwired - Mar 7, 2014) - In accordance
with regulatory requirements, Dundee Corporation (TSX:DC.A)
("Dundee") announces that it has acquired 10,000,000 units of
American Vanadium Corp. ("American Vanadium") at a price of
CDN$0.40 per unit (a "Unit"). Each Unit consists of one common
share in the capital of American Vanadium (a "Common Share") and
one-half of one warrant exercisable at $0.60 ("Warrant"). Each
whole Warrant entitles the holder thereof to purchase one Common
Share at a price of $0.60 until March 6, 2016.
When aggregated with existing positions owned or controlled by
Dundee, Dundee now owns 16,000,000 common shares and warrants
exercisable for the purchase of an additional 11,445,226 Common
Shares representing an approximate 28% interest on an undiluted
basis and 40% assuming the exercise of all warrants.
The position in American Vanadium 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 CORPORATION
Dundee Corporation is a public Canadian independent holding
company listed on the Toronto Stock Exchange ("TSX") under the
symbol "DC.A." Through its operating subsidiaries, Dundee
Corporation 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 Corporation 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.
Ned GoodmanPresident and Chief Executive OfficerDundee
Corporation(416) 365-5665Lucie PresotVice President and Chief
Financial OfficerDundee Corporation(416) 365-5157
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