1. Dundee acquired 36.7M shares and 7.7M warrants of New Found Gold. 2. Dundee now holds a 10.88% stake in New Found Gold. 3. Investment intentions include potential further acquisitions or sales. 4. Transaction adheres to early warning report regulatory requirements. 5. Dundee focuses on unlocking value through mining project investments.
Dundee's significant acquisition may signal positive growth potential, similar to past successful investments that drove higher stock valuations.
The acquisition is strategic for Dundee and shows aggressive investment, which can uplift investor confidence in TSX:DC.
The acquisition could enhance Dundee's portfolio and market position, fostering long-term growth as the mining sector evolves.
TORONTO, Nov. 13, 2025 (GLOBE NEWSWIRE) -- In accordance with regulatory requirements, Dundee Corporation (TSX:DC) ("Dundee") announces that it has acquired an aggregate of 36,722,569 common shares and 7,655,829 warrants of New Found Gold Corp. (TSXV:NVG, NYSE-A: NFGC)) (the "Issuer") pursuant to the completed plan of arrangement between the Issuer and Maritime Resources Corp.
Immediately prior to the acquisition of securities described in this news release, Dundee did not own any shares or warrants of the Issuer. Immediately following the transaction that triggered the requirement to file this news release, Dundee owns or controls an aggregate of 36,722,569 common shares and 7,655,829 warrants of the Issuer representing an approximate 10.88% interest of the Issuer on an undiluted basis and a 12.86% interest of the Issuer on a partially diluted basis.
Dundee acquired the securities of the Issuer for investment purposes only. Dundee intends to review, on a continuous basis, various factors related to its investment, including (but not limited to) the price and availability of the securities of the Issuer, subsequent developments affecting the Issuer or its business, and the general market and economic conditions. Based upon these and other factors, Dundee may decide to purchase additional securities of the Issuer or may decide in the future to sell all or part of its investment.
This news release is being issued in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report. The early warning report respecting the acquisition will be filed on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedarplus.ca under the Issuer's profile. To obtain a copy of the early warning report filed by Dundee, please contact:
Dundee Corporation
Legal Department
80 Richmond Street West, Suite 2000
Toronto, Ontario M5H 2A4
Tel: (416) 365-5172
ABOUT DUNDEE CORPORATION:
Dundee Corporation is a public Canadian independent mining-focused holding company, listed on the Toronto Stock Exchange under the symbol "DC.A". The Corporation is primarily engaged in acquiring mineral resource assets. The Corporation operates with the objective of unlocking value through strategic investments in mining projects globally. Our team conducts due diligence in order to assess the geological, technical, environmental, and financial merits and risks of each project and looks to deploy capital where it can either seek to generate investment returns or where the Corporation can collaborate with operating partners and take strategic partnerships through direct interests in mining operations.
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor and Media Relations
T: (416) 864-3584
E: ir@dundeecorporation.com
