Dundee Corporation Acquires CMP Gold Trust Warrants
January 14 2011 - 5:17PM
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 completed the acquisition
of 150,000 series A trust unit purchase warrants ("Series A
Warrants") of CMP Gold Trust ("CMP Gold") at a price of $1.51 per
Series A Warrant pursuant to a private transaction. Each Series A
Warrant entitles the holder, upon exercise at the price of $12.00,
to acquire a trust unit ("Trust Unit") and one-half of one Series B
trust unit purchase warrant (each a "Series B Warrant"). Each
Series B Warrant entitles the holder, upon exercise at the price of
$15.00, to acquire a Trust Unit.
In addition, Dundee Resources Limited, a wholly owned subsidiary
of Dundee Corporation owns 353,419 Trust Units and an equal number
of Series A Warrants. Immediately following the acquisition of the
Series A Warrants, Dundee Corporation and Dundee Resources Limited
exercised their respective Series A Warrants and acquired Trust
Units and Series B Warrants representing an 14.98% interest on a
undiluted basis or a 18.57% interest in CMP Gold assuming the
conversion of the Series B Warrants.
The securities of CMP Gold were acquired for investment purposes
and holdings in CMP Gold 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 an asset management company dedicated to
wealth management, real estate and resources that, combined,
reflect approximately $87 billion under management and
administration. Its domestic wealth management activities are
carried out through its 60% controlled subsidiary, DundeeWealth
Inc. Dundee Corporation's real estate activities are conducted
through its 70% owned subsidiary, Dundee Realty Corporation, which
operates as an asset manager of commercial real estate with
activities in a land and housing business in Canada and the United
States. Resource activities are carried out through its
wholly-owned subsidiary, Dundee Resources Limited. Asset management
activities are carried out through Ned Goodman Investment Counsel
Limited and Dundee Real Estate Asset Management (DREAM).
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
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