SPY380.36-1.97 -0.52%
DIA309.45-4.53 -1.44%
IXIC13,192.35+72.96 0.56%

Dundee Corporation Details $4-Million Acquisition of Shares of Moneta Porcupine Mines Inc

· 02/05/2021 03:14

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.

Price: 1.2500, Change: -0.0100, Percent Change: -0.79