Mr. Lucie Presot reports
DUNDEE CORPORATION SELLS SHARES IN PETROMAROC CORPORATION PLC
Dundee Corp.'s Dundee Resources Ltd. has sold 200,000 common shares of PetroMaroc Corp. PLC.
Immediately prior to the disposition of securities described in this news release, Dundee owned 13.47 million shares representing an approximate 12.38-per-cent interest in the issuer on an undiluted basis. Immediately following the transaction that triggered the requirement to file this news release, Dundee owned 13.27 million shares, representing an approximate 12.20-per-cent interest in the issuer on an undiluted basis. Dundee disposed of the shares of the issuer in an amount equal to more than 2 per cent of the outstanding shares of the issuer from Dundee's last reported position, thereby triggering the requirement to file an early warning report.
Dundee acquired the shares of the issuer for investment purposes only. Dundee intends to review, on a continuous basis, various factors related to its investment, including 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.
This news release is being issued in accordance with National Instrument 62-103 -- the early warning system and related takeover bid and insider reporting issues in connection with the filing of an early warning report dated Feb. 12, 2018. The early warning report respecting the disposition has been filed on the System for Electronic Document Analysis and Retrieval website under the issuer's profile. To obtain a copy of the early warning report filed by Dundee, please contact:
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 Corp. is engaged in diverse business activities in the areas of investment advisory, corporate finance, energy, resources, agriculture, real estate and infrastructure. Dundee Corp. 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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