14:50:56 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Cantex Mine Development Corp (3)
Symbol CD
Shares Issued 12,443,145
Close 2018-07-16 C$ 0.235
Market Cap C$ 2,924,139
Recent Sedar Documents

Dundee subsidiary acquires two million Cantex units

2018-07-16 17:36 ET - News Release

See News Release (C-DC) Dundee Corp

Mr. John Vincic of Dundee reports

ACQUISITION OF SHARES OF CANTEX MINE DEVELOPMENT CORPORATION

Dundee Corp.'s wholly owned subsidiary, Goodman & Company Investment Counsel Inc., has purchased, on behalf of managed accounts, two million units of Cantex Mine Development Corp., at the price of 15 cents each for aggregate consideration of $300,000. Each unit consists of one flow-through share and one warrant. Each warrant is exercisable for the purchase of one common share at a price of 20 cents for a period of 36 months.

Immediately prior to the acquisition of securities described in this news release, Dundee owned 1,204,545 shares, representing an approximate 9.22-per-cent interest in the issuer on an undiluted basis. Immediately following the transaction that triggered the requirement to file this news release, Dundee owns or controls, directly or indirectly, an aggregate of 3,204,545 shares and two million warrants, representing a 12.96-per-cent interest on an undiluted basis and a 19.48-per-cent interest on a partially diluted basis.

This news release is being issued in accordance with National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues) in connection with the filing of an early warning report dated July 16, 2018. The early warning report respecting the acquisition has been filed on SEDAR under the issuer's profile. To obtain a copy of the early warning report filed by Dundee, please contact: Dundee legal department, 1 Adelaide St. East, Suite 2000, Toronto, Ont., M5C 2V9, or telephone: 416-350-3388.

About Dundee Corp.

Dundee is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol DC.A. Through its operating subsidiaries, Dundee is engaged in diverse business activities in the areas of investment advisory, corporate finance, energy, resources, agriculture, real estate and infrastructure. Dundee 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.

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