Disposition of Shares of Orford Mining Corporation
17 Julio 2020 - 4:58PM
In accordance with regulatory requirements, Dundee Corporation
(TSX: DC.A) (“Dundee”) announces that, through its wholly owned
subsidiary, Dundee Resources Limited it has sold 8,463,013 common
shares (“Shares”) of Orford Mining Corporation (TSXV:ORM) (the
“Issuer”) at a price of $0.09 per share for aggregate consideration
of $761,671.
Immediately prior to the disposition of
securities described in this news release, Dundee owned or
controlled 12,975,577 common shares and warrants to purchase up to
289,992 common shares of the Issuer representing an approximate
13.63% interest in the Issuer on an undiluted basis and 13.90% on a
partially diluted basis. Immediately following the
transaction that triggered the requirement to file this news
release, Dundee owns 4,512,564 common shares and warrants to
purchase up to 289,992 common shares, representing an approximate
4.74% interest in the Issuer on an undiluted basis and 5.03% on a
partially diluted basis.
Dundee disposed of the Shares of the Issuer for
investment purposes only. Dundee intends to review, on a continuous
basis, various factors related to its investment, including (but
not limited to) the price and availability of the securities of the
Issuer, subsequent developments affecting the Issuer or its
business, and the general market and economic conditions.
Based upon these and other factors, Dundee may decide to purchase
or sell securities of the Issuer.
For additional information, an early warning
report will be filed on SEDAR or may be obtained by contacting:
Dundee CorporationLegal Department1 Adelaide
Street East, Suite 2000Toronto, Ontario M5C 2V9Tel: (416)
350-3388
ABOUT DUNDEE CORPORATION
Dundee Corporation is a public Canadian
independent holding company, listed on the Toronto Stock Exchange
under the symbol “DC.A”. Through its operating subsidiaries,
Dundee Corporation is engaged in diverse business activities in the
areas of investment advisory, corporate finance, energy, resources,
agriculture, real estate and infrastructure. Dundee
Corporation also holds, directly and indirectly, a portfolio of
investments mostly in these key areas, as well as other select
investments in both publicly listed and private enterprises.
FOR FURTHER INFORMATION PLEASE CONTACT:
John VincicInvestor and Media Relations for Dundee
CorporationVincic AdvisorsT: (647) 402-6375E:
jvincic@dundeecorporation.com
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