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TORONTO, Oct. 17, 2024 (GLOBE NEWSWIRE) — In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A) (“Dundee”) announces that its wholly-owned subsidiary, Dundee Resources Limited, has acquired 2,000,000 common shares of Greenheart I -Gold Inc. (TSXV – GHRT) (the “Issuer”) at a price of C$0.50 per share for an aggregate consideration of C$1,000,000 as part of the private placement of the Issuer’s purchase deal.
Immediately prior to the acquisition of the securities described in this news release, Dundee and its subsidiaries owned 9,768,366 common shares of the Issuer representing approximately 12.07% interest in the Issuer on an unconsolidated basis. Immediately following the transaction that triggered the filing requirement of this news release, Dundee and its subsidiaries owned or controlled an aggregate of 11,768,366 common shares representing an approximate 7.68% interest in the Issuer on a non-consolidated basis.
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Dundee has acquired the securities of the Issuer for investment purposes only. Dundee intends to review, on an ongoing basis, various factors related to its investment, including (but not limited to) the price and availability of the Issuer’s securities, subsequent developments affecting the Issuer or its business, and general market and economic conditions. circumstances. Based on 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 the investment.
This news release is issued in accordance with National Instrument 62-103 – Early Warning System and Takeover Bid Related to Internal Reporting Issues regarding the filing of an early warning report. An early warning report regarding the acquisition will be posted 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 warning notice filed by Dundee, please contact:
Company valuation Dundee Corporation
Legal Department
80 Richmond Street West, Suite 2000
Toronto, Ontario M5H 2A4
Phone: (416) 365-5172
About DUNDEE CORPORATION
Dundee Corporation is a privately held Canadian public company, listed on the Toronto Stock Exchange under the symbol “DC.A”. Through its operating subsidiaries, Dundee Corporation is an active investor focused on delivering long-term, sustainable value as a trusted partner in the mining sector with over 30 years of experience making profitable mining investments.
FOR MORE INFORMATION PLEASE CONTACT:
Investor and media relations
T: (416) 864-3584
E: ir@dundeecorporation.com
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