Dundee Acquires Additional Interest in Eagle Hill Exploration Through Private Placement

Dundee Corporation (TSX:DCA) has acquired in a private placement, 20,000,000 units of Eagle Hill Exploration Corporation (TSXV:EAG) for $0.05 per unit. Each unit consists of one common share in Eagle Hill’s capital and one common share purchase warrant.

As quoted in the press release:

When aggregated with Dundee’s existing position in Eagle Hill, Dundee now owns or controls 140,494,910 Shares and Warrants exercisable for the purchase of 51,173,000 Shares representing an approximate 30.0% interest on an undiluted basis and 36.9% on a partially diluted basis.

Click here to read the Dundee Corporation (TSX:DCA) press release