- Dundee Corporation (DC.A) wholly owned subsidiary, Dundee Resources Limited, has acquired 5,888,900 common shares of Magna Mining Inc.
- The shares were issued at a price of $0.3340 each for a total of $1,966,893
- Dundee Goodman Merchant Partners, an affiliate of Dundee Corporation, received 198,750 shares of Magna as a finder’s fee
- Dundee Corporation and its affiliates now own or control 13,681,400 shares and 3,371,875 warrants of Magna Mining
- Dundee Corp is a public Canadian independent holding company
- Dundee Corporation (DC.A) is up 0.671 per cent, trading at $1.50 per share at 3:21 p.m
Dundee Corporation (DC.A) wholly-owned subsidiary, Dundee Resources Limited, has acquired 5,888,900 common shares of Magna Mining Inc.
The shares were issued at a price of $0.3340 for a total of $1,966,893.
In connection with its arrangement as a finder under a non-brokered private placement financing of Magna Mining, Dundee Goodman Merchant Partners, an affiliate of Dundee Corporation, acquired 198,750 shares.
Before the acquisition, the corporation and its affiliates owned or controlled 7,593,750 shares and 3,371,875 warrants. Dundee Corporation and its affiliates now own or control an aggregate of 13,681,400 shares and 3,371,875 warrants.
Dundee Corporation acquired the securities of the issuer for investment purposes only.
Dundee Corporation is a public Canadian independent holding company. Through its operating subsidiaries, it is focused on delivering long-term, sustainable value and has more than 30 years of experience making accretive mining investments.
Dundee Corporation (DC.A) is up 0.671 per cent and is trading at $1.50 per share at 3:21 p.m.