Dundee Corporation Acquires Interest in Strata Minerals Inc.
21 Mars 2014 - 6:58PM
Marketwired Canada
In accordance with regulatory requirements, Dundee Corporation (TSX:DC.A)
("Dundee") announces that it has acquired 3,941,667 units of Strata Minerals
Inc. ("Strata Minerals") at a price of $0.12 per unit (a "Unit"). Each Unit
consists of one common share in the capital of Strata Minerals (a "Common
Share") and one-half of one warrant ("Warrant"). Each whole Warrant entitles the
holder thereof to purchase one Common Share at a price of $0.12 for a period of
18 months from the date of issuance, subject to acceleration provisions detailed
in Strata Minerals' press release dated March 20, 2014.
Dundee owns 3,941,667 common shares and Warrants exercisable for the purchase of
an additional 1,970,834 Common Shares, representing an approximate 18.4%
interest on an undiluted basis and 25.3% assuming the exercise of all Warrants.
The position in Strata Minerals 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Dundee Corporation
Ned Goodman
President and Chief Executive Officer
(416) 365-5665
Dundee Corporation
Lucie Presot
Vice President and Chief Financial Officer
(416) 365-5157
Dundee (TSX:DC.A)
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