Dundee Corporation Announces Closing of Sale of New Found Gold Corp. Units

Core Viewpoint - Dundee Corporation has successfully completed the sale of 24,480,000 units of New Found Gold Corp for gross proceeds of C$97,920,000, with potential total proceeds of C$159,120,000 if all warrants are exercised [2][3]. Group 1: Sale Transaction Details - The sale transaction involved 24,480,000 units, each consisting of one common share and half a warrant, generating gross proceeds of C$97,920,000 for Dundee [2][3]. - Each warrant allows the holder to acquire an additional common share at an exercise price of C$5.00 for a term of 12 months, potentially increasing total proceeds to C$159,120,000 if fully exercised [3]. - The sale of unit shares occurred through block trades in Canada and private placements in the U.S. and other jurisdictions, adhering to applicable securities laws [4]. Group 2: Regulatory and Compliance Information - The securities sold under the transaction have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without compliance with registration requirements or exemptions [6]. - The warrants are subject to a statutory hold period that expires on April 17, 2026, while the warrant shares are not subject to such a hold period under Canadian securities laws [4]. Group 3: Company Overview - Dundee Corporation is a public Canadian independent mining-focused holding company listed on the Toronto Stock Exchange, primarily engaged in acquiring mineral resource assets [7]. - The company aims to unlock value through strategic investments in mining projects globally, conducting due diligence to assess the merits and risks of each project [7].