Dundee Corporation Details $4-Million Acquisition of Shares of Moneta Porcupine Mines Inc
08:07 AM EST, 02/05/2021 (MT Newswires) -- Dundee Corporation (DC-A.TO) overnight Thursday said it has acquired a larger stake in Moneta Porcupine Mines.
The Toronto-based holding company for various mining assets said it has acquired 12,500,000 common shares of Moneta for $0.32 apiece, bringing the cost of the transaction to roughly $4-million. Dundee already owned 8.59% of Moneta on a partially diluted basis and this transaction brings the company's ownership stake in Moneta to 10.97%
Dundee said it acquired the additional stake for investment purposes only.
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