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Dundee Energy Ltd Announces Completion of $8.9 Million Fully Subscribed Rights Offering


Friday, 5 Apr 2013 06:39pm EDT 

Dundee Energy Ltd announced that it has completed its previously announced rights offering (the Rights Offering), which expired on April 4, 2013. The Rights Offering was fully subscribed raising gross proceeds to the Corporation of $8,886,745. The Corporation will issue an aggregate of 5,734,067 common shares and 17,787,596 "flow-through" common shares (collectively, the Rights Shares). The Rights Shares are issuable to eligible persons who exercised rights issued under the Rights Offering, as described in the rights offering circular of the Corporation dated February 27, 2013 (the Circular). The proceeds of the Rights Offering will be used as described in the Circular. Following the issuance of the Rights Shares, the Corporation will have 188,173,310 common shares issued and outstanding. 

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