1. Dundee Corporation exercised 4.26 million warrants in Magna Mining. 2. Dundee now holds approximately 18.83% interest in Magna Mining. 3. Investments are made for strategic growth and value unlocking. 4. Dundee plans to monitor market conditions for additional investments.
Dundee's increased stake in Magna Mining enhances its position, similar to past acquisitions boosting share prices.
The exercise of warrants reflects Dundee’s commitment and potential market gains, making it noteworthy.
Immediate effects seen as Dundee’s stake may increase market interest; historical acquisitions have had quick impacts.
TORONTO, Nov. 04, 2025 (GLOBE NEWSWIRE) -- In accordance with regulatory requirements, Dundee Corporation (TSX:DC) ("Dundee" or the "Corporation") announces that it has exercised 4,259,259 warrants of Magna Mining Inc. (the "Issuer") at an exercise price of $0.405 per warrant. Each warrant was exercisable for one common share of the Issuer.
Immediately prior to the acquisition of securities described in this news release, Dundee and its affiliates owned 42,725,318 common shares, 4,259,259 warrants and $8,000,000 aggregate principal amount of Convertible Debentures, representing an approximate 18.20% interest in the Issuer on an undiluted basis and a 20.98% interest in the Issuer on a partially diluted basis. Immediately following the transaction that triggered the requirement to file this news release, Dundee and its affiliates own or control an aggregate of 46,984,577 common shares and $8,000,000 aggregate principal amount of Convertible Debentures, representing an approximate 18.83% interest in the Issuer on an undiluted basis and a 20.11% interest in 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 SEDAR+ (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
