Dundee Corporation Announces Closing of the Sale of its Interest in Android Industries

Core Points - Dundee Corporation has successfully closed the sale of its 20% interest in Android Industries, a leading assembler for the automotive industry, marking a significant milestone in the company's strategy to optimize its asset portfolio [1][2] - The transaction resulted in cash proceeds of approximately C$27.3 million at closing, with an additional C$15.3 million contingent upon the release of escrows [2] - The company remains focused on its strategic objectives and pursuing growth within the mining sector following this divestiture [2][3] Company Overview - Dundee Corporation is a public Canadian independent mining-focused holding company listed on the Toronto Stock Exchange under the symbol "DC.A" [3] - The company primarily engages in acquiring mineral resource assets and aims to unlock value through strategic investments in mining projects globally [3] - The team conducts due diligence to assess the geological, technical, environmental, and financial merits and risks of each project, seeking to generate investment returns or collaborate with operating partners [3]