TORONTO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- “Dundee is pleased to announce a strong and transformative quarter, marked by broad positive performance in our core investment portfolio and key initiatives that further align our capital structure with our long-term growth objectives." said Jonathan Goodman, President and Chief Executive Officer of Dundee Corporation. “During the quarter, we sold 11 million shares of our position in G Mining Ventures Corp. for proceeds of $95.9 million, which was partially used to redeem both classes of our preferred shares and substantially pay down our outstanding loan balance. The redemption of the preferred shares is a significant milestone, enhancing our financial flexibility and positioning the company for continued, sustainable growth for the long-term. In addition, we backstopped an $8.0 million rights offering for Maritime Resources Corp. to support the company’s strategic plan to substantially derisk the restart of the Hammerdown Mine and, in the process, increased our ownership interest in the company to 43% on an undiluted basis.   Furthermore, we have continued to make progress on divesting our non-core assets with the sale of our flow-through funds. This will further streamline our operations and, importantly, allow us to place even greater focus on executing our core strategy."

TORONTO, Oct. 17, 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 2,000,000 common shares of Greenheart Gold Inc. (TSXV - GHRT) (the “Issuer”) at the price of C$0.50 per share for aggregate consideration of C$1,000,000 as part of the Issuer’s bought deal private placement.

TORONTO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the “Company” or “Dundee”) announces that further to the news release disseminated on September 26, 2024, it has now received the requisite board approval from TauRX Pharmaceuticals Ltd. (“TauRx”) for the sale of 8,000 shares to a private investor at a price of US$125 per share for proceeds to the Company of US$1,000,000. The transaction has now been completed. Dundee continues to hold 1,007,008 shares of TauRx.

TORONTO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (“Dundee” or the “Company”) announces that it has now completed the redemption of the 1,145,362 outstanding cumulative 5-year rate reset first preference shares, series 2 (the “Series 2 Preference Shares”) and the 724,982 outstanding cumulative floating rate first preference shares, series 3 (the “Series 3 Preference Shares”). The redemption price of $25.00 per share, together with the accrued and unpaid dividends were paid to beneficial shareholders of the Series 2 Preference Shares and the Series 3 Preference Shares on October 1, 2024, because of the bank holiday on September 30, 2024.

TORONTO, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the “Company” or “Dundee”) announced today that, in alignment with its commitment to its core strategic objectives, it has entered into a definitive agreement to sell its investment management business (the “Investment Management Business”) operated through Goodman & Company, Investment Counsel Inc. to Next Edge Capital Corp. (“Next Edge”) (the “Transaction”). The decision to sell the Investment Management Business enables the Company to enhance its focus on its core investment strategy while streamlining operations and further rationalizing its cost structure.

TORONTO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the “Company” or “Dundee”) announced today that it has sold to a private investor 8,000 of the 1,015,008 shares it holds in TauRX Pharmaceuticals Ltd. (“TauRx”) at a price of US$125 per share for proceeds to the Company of US$1,000,000. The transaction remains subject to TauRx board approval. Following the completion of the transaction Dundee will continue to hold 1,007,008 TauRx shares.

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 private agreement 47,000,000 common shares of Maritime Resources Corp. (TSXV - MAE) (the “Issuer”) at a price of $0.034 per share for aggregate consideration of C$1,598,000.

TORONTO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- “Dundee is pleased to announce an outstanding quarter, as well as a transaction for our largest investment, Reunion Gold, marking a strong first half of 2024,” said Jonathan Goodman, President and Chief Executive Officer of Dundee Corporation. “The transaction with G Mining Ventures Corp. delivered significant value to our shareholders, as well as a compelling future re-rating opportunity driven by multiple near-term catalysts. Today, Dundee announced the sale of a significant portion of our investment in G Mining Ventures Corp. A portion of the proceeds will be used to satisfy the mandatory prepayment requirement of the loan with Earlston Investments Corp. (“Earlston”), in accordance with the terms of our loan agreement. The combined value of Dundee’s remaining holding in G Mining Ventures Corp. and proceeds from today’s sale transaction exceeds our current market capitalization, presenting a compelling investment opportunity in our stock. We would like to thank Earlston for their support which has been instrumental in driving the Corporation's success.”

TORONTO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.PR.D) (“Dundee”) announced today that its board of directors has approved the payment of a quarterly cash dividend of $0.56523 per cumulative floating rate first preference share, series 3 payable on September 30, 2024 to shareholders of record on September 16, 2024.

TORONTO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.PR.B) (“Dundee”) announced today that its board of directors has approved the payment of a quarterly cash dividend of $0.33025 per cumulative 5-year rate reset first preference share, series 2 payable on September 30, 2024 to shareholders of record on September 16, 2024.