|By Marketwired .||
|April 8, 2014 04:56 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 04/08/14 -- In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A) ("Dundee") announces today that it has received, directly and indirectly, an aggregate of 128,068,497 Subordinate Voting Shares, 50,000,000 Multiple Voting Shares and 50,000,000 warrants (collectively, the "Securities") of Dundee Sustainable Technologies Inc. ("DSTI") pursuant to the completion of the recently announced amalgamation involving Creso Exploration Inc. and Dundee Sustainable Technologies Inc. (formerly Nichromet Extraction Inc.). The warrants held by Dundee are convertible into Subordinate Voting Shares of DSTI. Together these holdings represent an approximate 64% equity interest and an 86% voting interest in DSTI on an undiluted basis and an approximate 70% equity interest and an 87% voting interest in DSTI assuming the exercise of the warrants held by Dundee. The Securities are subject to an Escrow Agreement, the terms of which are described in the Management Information Circular relating to the amalgamation, which has been filed on SEDAR under the profile of Creso Exploration Inc.
Dundee's interest in DSTI may be increased or decreased in the future in light of investment criteria, market conditions and other factors 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
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