|By Marketwired .||
|May 9, 2014 10:57 AM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 05/09/14 -- In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A) ("Dundee") announces that it has acquired in a private placement, 20,000,000 units ("Units") of Eagle Hill Exploration Corporation ("Eagle Hill") at a price of $0.05 per Unit. Each unit consists of one common share ("Share") in the capital of Eagle Hill and one common share purchase warrant ("Warrant"). Each Warrant entitles Dundee to acquire one Share at a price of $0.08 per Share at any time within 24 months.
When aggregated with Dundee's existing position in Eagle Hill, Dundee now owns or controls 140,494,910 Shares and Warrants exercisable for the purchase of 51,173,000 Shares representing an approximate 30.0% interest on an undiluted basis and 36.9% on a partially diluted basis.
The position in Eagle Hill 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.
ABOUT DUNDEE CORPORATION
Dundee Corporation is a public Canadian independent holding company listed on the Toronto Stock Exchange ("TSX") under the symbol "DC.A." Through its operating subsidiaries, Dundee Corporation is engaged in diverse business activities in the areas of its core competencies including investment advisory and corporate finance, energy, resources, agriculture, real estate and infrastructure. Dundee Corporation also holds, directly and indirectly, a portfolio of investments mostly in these core focus areas, as well as other select investments in both publicly listed and private companies.
President and Chief Executive Officer
Vice President and Chief Financial Officer