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Dundee Corp Acquires Further Interest In Eagle Hill Exploration Corp


Thursday, 15 Aug 2013 11:37am EDT 

Dundee Corp announced that it has acquired in a private placement, 62,346,000 units of Eagle Hill Exploration Corp at a price of $0.075 per Unit. Each unit consists of one common share in the capital of Eagle Hill and one-half of one transferable common share purchase warrant. Each whole Warrant entitles the holder to purchase one Share at a price of $0.10 per Share at any time within 48 months. When aggregated with Dundee's existing position in Eagle Hill, Dundee owns or controls 97,654,000 Shares and Warrants exercisable for the purchase of 31,173,000 Shares representing an approximate 26.14% interest on an undiluted basis and 31.83% assuming the conversion of all Warrants. The position in Eagle Hill was acquired for investment purposes and may be increased or decreased in the future as considered appropriate in light of investment criteria, market conditions and other factors and in accordance with the provisions of applicable securities legislation. 

Company Quote

13.01
0.15 +1.17%
24 Dec 2014