Dundee Corporation Acquires Further Interest in Leisure Canada Inc.
July 13 2011 - 6:03PM
Marketwired
In accordance with regulatory requirements, Dundee Corporation
(TSX: DC.A)(TSX: DC.PR.A)(TSX: DC.PR.B) ("Dundee") announced today
that it will acquire 27,566,638 common shares ("Shares") of Leisure
Canada Inc. ("Leisure") under Leisure's previously announced rights
offering. Upon completion of the rights offering on July 18, 2011,
Dundee will own, in the aggregate, 48,028,138 Shares of Leisure,
representing 23.13% of the outstanding Shares.
The position in Leisure 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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