Business News • MarketWire • Dundee Corporation Acquires Interest in Canadian Orebodies Inc. |
Dundee Corporation Acquires Interest in Canadian Orebodies Inc. |
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Dundee Corporation Acquires Interest in Canadian Orebodies Inc.
TORONTO, ONTARIO--(Marketwire - Aug. 24, 2012) - In accordance with regulatory requirements, Dundee Corporation (TSX:DC.A) ("Dundee") announces that it has acquired, in a private placement, 5,000,000 units (each a "Unit") of Canadian Orebodies Inc. ("Canadian Orebodies") at a price of $0.20 per Unit. Each Unit consists of one common share in the capital of Canadian Orebodies issued on a flow-through basis and one-half of a common share purchase warrant ("Warrant"). Each whole Warrant entitles Dundee to purchase one common share at the price of $0.30 for a period of 18 months, subject to certain accelerated vesting provisions. In addition, an account managed by Goodman Investment Counsel Inc., a subsidiary of Dundee, controls 5,000,000 common shares and 2,500,000 warrants of Canadian Orebodies.
View More : http://www.marketwire.com/mw/release.do?id=1694311&sourceType=3
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