Acquisition of Shares of Reunion Gold Corporation
August 07 2020 - 6:35PM
In accordance with regulatory requirements, Dundee Corporation
(TSX: DC.A) (“Dundee”) announces that its wholly owned subsidiary,
Dundee Resources Limited, has acquired 18,750,000 units (“Units”)
of Reunion Gold Corporation (the “Issuer”) at the price of $0.08
each for aggregate consideration of $1,500,000. Each Unit
consists of one common share (“Share”) and one-half of one share
purchase warrant (each whole warrant, a “Warrant”) in the capital
of the Issuer. Each Warrant is exercisable for the purchase
of one Share at a price of $0.12 for a period of 24 months.
Additionally, an affiliate of Dundee acquired 1,677,000 finder’s
warrants having the same terms as the Warrants.
Immediately prior to the acquisition of
securities described in this news release, Dundee and its
affiliates owned or controlled 52,848,838 Shares and warrants
exercisable for the issuance of 3,730,769 Shares representing an
approximate 12.23% interest in the Issuer on an undiluted basis and
12.98% interest in the Issuer on a partially diluted basis.
Immediately following the transaction that triggered the
requirement to file this news release, Dundee and its affiliates
own or control an aggregate of 71,598,836 Shares and warrants
exercisable for the issuance of 14,782,769 Shares representing an
approximate 14.12% interest on an undiluted basis and a 16.55%
interest on a partially diluted basis.
Dundee acquired the securities of the Issuer for
investment purposes only. Dundee intends to review, on a
continuous basis, various factors related to its investment,
including (but not limited to) the price and availability of the
securities of the Issuer, subsequent developments affecting the
Issuer or its business, and the general market and economic
conditions. Based upon these and other factors, Dundee may
decide to purchase additional securities of the Issuer or may
decide in the future to sell all or part of its investment.
This news release is being issued in accordance
with National Instrument 62-103 – The Early Warning System and
Related Take-Over Bid and Insider Reporting Issues in connection
with the filing of an early warning report. The early warning
report respecting the acquisition will be filed on the System for
Electronic Document Analysis and Retrieval (“SEDAR”) at
www.sedar.com under the Issuer’s profile. To obtain a copy of
the early warning report filed by Dundee, please contact:
Dundee CorporationLegal Department1 Adelaide
Street East, Suite 2000Toronto, Ontario M5C 2V9Tel: (416)
350-3388
ABOUT DUNDEE CORPORATION
Dundee Corporation is a public Canadian
independent holding company, listed on the Toronto Stock Exchange
under the symbol “DC.A”. Through its operating subsidiaries,
Dundee Corporation is engaged in diverse business activities in the
areas of investment advisory, corporate finance, energy, resources,
agriculture, real estate and infrastructure. Dundee
Corporation also holds, directly and indirectly, a portfolio of
investments mostly in these key areas, as well as other select
investments in both publicly listed and private enterprises.
FOR FURTHER INFORMATION PLEASE CONTACT:
John Vincic Investor and Media Relations for Dundee
CorporationVincic Advisors T: (647) 402-6375 E:
jvincic@dundeecorporation.com
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