Dundee Corp. subsidiary Dundee Resources Ltd. has increased its stake in SPC Nickel Corp. The company said it acquired 3,333,333 units at $0.105 each for about $350-million. Dundee said its subsidiary, Goodman & Co Investment Counsel Inc. acquired 5,000,000 flow-through Units for $0.13 each $650-million. Each unit includes one common share and one half of one share purchase warrant exercisable at $0.18 for 18 months.
Dundee and its affiliates now own about a 16.5-per-cent interest on an undiluted basis and a 19.75-per-cent interest on a partially diluted basis, up about 12 per cent and 12.8 per cent, respectively.