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Dundee Corporation announces acquisition of shares in Canadian Business Journal SPC Nickel Corporation

Toronto, March 14, 2022 (GLOBE NEWSWIRE) —In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A) (“Dundee”) has acquired 3,333,333 units from its wholly owned subsidiary, Dundee Resources Limited. I announced that. SPC Nickel Corp. (the “issuer”) is priced at $ 0.105 each and totals $ 349,999.97. Dundee also announced that it has acquired issuer 5,000,000 flow-through units (FT units) at a price of $ 0.13 each on behalf of its wholly owned subsidiary Goodman and Company and an investment fund managed by Investment Counsel Inc. did. $ 650,000.00. Each unit and FT unit consists of one share of common stock and one half of the purchased warrant. Each stock subscription right gives the holder the right to purchase one common stock for $ 0.18 for 18 months.

Immediately prior to the acquisition of the securities listed in this news release, Dundee and its affiliates own or control 12,292,000 shares and 873,915 warrants, with an approximately 12.03% stake in the issuer on a stock basis, partially diluted. It represents a 12.77% stake on a conversion basis. Immediately after the transaction that caused the requirement to submit this news release, Dundee and its affiliates own or control a total of 20,625,333 shares and 5,040,581 warrants, which is approximately 16.51% on a stock solution basis and 19.75 on a partially diluted basis. Equivalent to% interest.

Dundee acquired the issuer’s securities for investment purposes only. Dundee is a variety of investments related to, but not limited to, the price and availability of the issuer’s securities, subsequent trends affecting the issuer or its business, and general markets and economies. We will continue to consider the factors. conditions. Based on these and other factors, Dundee may decide to purchase additional securities of the issuer, or may decide to sell all or part of its investment in the future.

This news release is published in accordance with National Instrument 62-103 –. Early Warning System and Related Acquisition Bid and Insider Reporting Issues In connection with the submission of an early warning report. An early warning report on the acquisition will be submitted to www.sedar.com’s Electronic Document Analysis and Search System (“SEDAR”) under the publisher’s profile. To obtain a copy of the Early Warning Report submitted by Dundee, please contact:

Dundee Corporation
Legal department
1 Adelaide Street East, Suite 2000
Toronto, Ontario M5C2V9
Tel: (416) 365-5172

About DUNDEE CORPORATION

Dundee Corporation is a public independent holding company in Canada and is listed on the Toronto Stock Exchange under the “DC.A” symbol. Through its operating subsidiaries, Dundee Corporation is an aggressive investment focused on providing long-term and sustainable value as a trusted partner in the mining sector with over 30 years of additional mining investment experience. It’s home.

Please contact us for more information.

Investor-Media Relationship
T: (416) 864-3584
E: ir@dundeecorporation.com


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Dundee Corporation announces acquisition of shares in Canadian Business Journal SPC Nickel Corporation

Source link Dundee Corporation announces acquisition of shares in Canadian Business Journal SPC Nickel Corporation

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