Dundee Corporation announces acquisition of shares of Maritime Resources Corp.

TORONTO, Sept. 23, 2024 (GLOBE NEWSWIRE) — In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A) (“Dundee”) announces that its wholly owned subsidiary, Dundee Resources Limited, has acquired by way of private placement 47,000,000 common shares of Maritime Resources Corp. (TSXV – MAE) (the “Issuer”) at a price of $0.034 per share for a total consideration of CAD$1,598,000.

Immediately prior to the acquisition of the securities described in this press release, Dundee and its affiliates held 312,967,123 common shares and 53,961,033 warrants in the Issuer, representing an ownership interest of approximately 37.66% on an undiluted basis and an ownership interest of 41.46% on a partially diluted basis. Immediately following the transaction that gave rise to the need to file this press release, Dundee and its affiliates hold or control an aggregate of 359,967,123 common shares and 53,961,033 warrants, representing an ownership interest of approximately 43.32% on an undiluted basis and an ownership interest of 46.77% on a partially diluted basis in the Issuer.

Dundee has acquired the Issuer’s securities solely for investment purposes. Dundee intends to continually review various factors relating to its investment, including (but not limited to) the price and availability of the Issuer’s securities, subsequent events affecting the Issuer or its business, and general market and economic conditions. Based on these and other factors, Dundee may decide to purchase additional Issuer’s securities or may decide at some point in the future to sell all or a portion of its investment.

This press release is issued in accordance with National Instrument 62-103 – Early warning system and related issues of insider acquisition and reporting in connection with the filing of an early warning report. An early warning report relating to the takeover will be filed on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com under the Issuer’s profile. To obtain a copy of the early warning report filed by Dundee, please contact:

Dundee Corporation
Legal Department
80 Richmond Street West, Apartment 2000
Toronto, Ontario M5H 2A4
Phone: (416) 365-5172

ABOUT DUNDEE CORPORATION

Dundee Corporation is a publicly traded Canadian independent holding company listed on the Toronto Stock Exchange under the symbol “DC.A”. Through its subsidiaries, Dundee Corporation is an active investor focused on delivering long-term, sustainable value as a trusted partner in the mining sector with over 30 years of experience in making accretive mining investments.

FOR MORE INFORMATION PLEASE CONTACT:

Investor and Media Relations
Phone: (416) 864-3584
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