Dundee Corporation Announces Exercise of Warrants in Magna Mining Inc.

Core Points - Dundee Corporation has exercised 4,259,259 warrants of Magna Mining Inc. at an exercise price of $0.405 per warrant, acquiring one common share for each warrant exercised [1] - Prior to the acquisition, Dundee and its affiliates held 42,725,318 common shares, 4,259,259 warrants, and $8,000,000 in Convertible Debentures, representing an 18.20% undiluted interest and a 20.98% partially diluted interest in Magna Mining Inc. [2] - After the transaction, Dundee and its affiliates own 46,984,577 common shares and maintain the $8,000,000 in Convertible Debentures, resulting in an 18.83% undiluted interest and a 20.11% partially diluted interest in the Issuer [2] - The acquisition of securities was made for investment purposes, with Dundee planning to continuously review various factors related to its investment, including market conditions and the Issuer's developments [3] - This news release complies with National Instrument 62-103, and an early warning report will be filed on SEDAR+ under the Issuer's profile [4] - Dundee Corporation is a public Canadian independent mining-focused holding company, primarily engaged in acquiring mineral resource assets and unlocking value through strategic investments in mining projects globally [5]