Dundee Corporation Acquires Interest in Bold Ventures Inc.
May 31 2011 - 6:13PM
Marketwired
In accordance with regulatory requirements, Dundee Corporation
(TSX: DC.A)(TSX: DC.PR.A)(TSX: DC.PR.B) ("Dundee" or the "Company")
announced today that it has acquired, in a private placement,
4,444,444 units (each a "Unit") of Bold Ventures Inc. ("Bold
Ventures") at a price of $0.225 per Unit. Each Unit is comprised of
one common share in the capital of Bold Ventures (each a "Common
Share") and one-half of one common share purchase warrant (each a
"Warrant"). Each whole Warrant entitles the holder to purchase one
Common Share at an exercise price of $0.39 for a period of 24
months from the date of closing. This holding represents an
approximate 13.73% interest in Bold Ventures on an undiluted basis
or an approximate 19.27% interest assuming the conversion of all
Warrants.
The position in Bold Ventures 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.
Contacts: 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.PR.B)
Historical Stock Chart
From Jun 2024 to Jul 2024
Dundee (TSX:DC.PR.B)
Historical Stock Chart
From Jul 2023 to Jul 2024