- Dundee Corp. (TSX:DC.A) acquired 2 million common shares of Greenheart Gold Inc. (TSXV:GHRT) at a price of $0.50 per share
- This amounts to an aggregate consideration of C$1 million as part of Greenheart ‘s bought deal private placement
- Before the acquisition, Dundee and its affiliates owned 9,768,366 Greenheart shares representing a 12.07 per cent interest, now they own or control an aggregate of 11,768,366 common shares representing a 7.68 per cent interest
- Dundee Corp. stock last traded at C$0.86 per share, and Greenheart Gold Inc. stock last traded at C$1.57 per share
Dundee Corp. (TSX:DC.A) acquired 2 million common shares of Greenheart Gold Inc. (TSXV:GHRT) at a price of $0.50 per share.
This amounts to an aggregate consideration of C$1 million as part of Greenheart ‘s bought deal private placement. In a news release, Dundee’s team stressed that these securities were obtained for investment purposes only.
Before the acquisition, Dundee and its affiliates owned 9,768,366 Greenheart shares representing a 12.07 per cent interest, now they own or control an aggregate of 11,768,366 common shares representing a 7.68 per cent interest.
This is a part of Greenheart’s recent closure of its brokered private placement of 72 million common shares at a price of C$0.50 per share for gross proceeds of C$36 million. The company intends to use the net proceeds to acquire and explore mineral properties in Guyana and Suriname in South America.
Based out of Québec, Greenheart Gold Inc. is an exploration company that builds on a proven legacy of discoveries in the Guiana Shield, a highly prospective geologic terrain that is host to numerous gold deposits, though remains relatively under-explored. The company is aiming to build a portfolio of early-stage projects in Guyana and Suriname that are prospective for orogenic gold deposits.
Dundee Corp. is a Canadian independent holding company. Through its operating subsidiaries, Dundee is an active investor focused on delivering long-term, sustainable value as a trusted partner in the mining sector with more than 30 years of experience making accretive mining investments.
Dundee Corp. stock (TSX:DC.A) last traded at C$0.86 per share and has risen 70.65 per cent since the year began.
Greenheart Gold Inc. stock (TSXV:GHRT) last traded at C$1.57 per share and has risen 65.38 per cent in one month of operation.
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(Top image via Greenheart Gold Inc.)