Dundee Corporation Acquires Interest in Newfoundland Capital Corporation Limited
June 22 2011 - 4:31PM
Marketwired
In accordance with regulatory requirements, Dundee Corporation
(TSX: DC.A)(TSX: DC.PR.A)(TSX: DC.PR.B) ("Dundee") announced today
that it has acquired through the facilities of the Toronto Stock
Exchange 855,000 Class A Subordinate Voting Shares ("Class A
Shares") of Newfoundland Capital Corporation Limited ("Newfoundland
Capital"). Dundee Corporation now owns an aggregate of 3,042,200
Class A shares representing approximately 11.46% of the outstanding
Class A Shares of Newfoundland Capital.
The position in Newfoundland Capital 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
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