The newsboard processes news from the NASDAQ Nordic portfolio company GlobeNewswire, which provides investors with company-relevant information. This relates in particular to events that may be relevant to the listing of companies or tradable financial instruments.
GlobNewswire (formerly PrimeNewswire) specializes in public relations solutions and digital media services. This feed adds another important source of information for investors to the popular X-Billboard portfolio.
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.”
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