18:06:18 EDT Thu 21 Jun 2018
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Dundee Corp
Symbol C : DC.A
Shares Issued 55,529,801
Close 2016-02-25 C$ 4.31
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FP says Dundee set to monetize interest in Blue Goose

2016-02-26 07:54 ET - In the News

The Financial Post reports in its Friday edition that an investment Dundee made more than four years back appears poised to go public by way of a reverse takeover with a Gulfstream Acquisition 1 Corp., a capital pool company listed on the TSX Venture Exchange. The Post's Barry Critchley writes that this week Gulfstream announced it had signed a nonbinding letter of intent with Blue Goose Capital. Dundee acquired a majority interest in Blue Goose in 2011, soon after creating Dundee Agricultural. Plans call for that intent to be turned into a definitive agreement. For Gulfstream the proposed acquisition will be its qualifying transaction given that it is buying Blue Goose. Once the merger is completed, Blue Goose will become a public company and Dundee will have monetized one of its investments. Blue Goose, with net assets of $86.13-million, is focused "on the production, distribution and sale of organic and natural beef, chicken and fish." Dundee has an 87-per-cent interest in Blue Goose. For the qualifying transaction to proceed Blue Goose has to raise $20-million, the two sides have to complete their due diligence, Blue Goose shareholders have to approve the deal and the TSX Venture has to sign off.

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