Dundee Corporation announces the acquisition of shares of

TORONTO, Feb. 24 10, 2022 (GLOBE NEWSWIRE) — Pursuant to regulatory requirements, Dundee Corporation (TSX: DC.A) (“Dundee”) announces that its wholly-owned subsidiary, Dundee Resources Limited, has acquired 28,573,907 common shares (“Shares”) of Reunion Gold Corporation (the “Issuer”) at a price of $0.175 each for an aggregate consideration of $5,000,433.70.

As part of its engagement in the issuer’s bought deal private placement financing, Dundee Goodman Merchant Partners, an affiliate of Dundee, acquired 1,168,220 non-transferable compensation options from the issuer.

Immediately prior to the acquisition of the securities described in this press release, Dundee and its affiliates owned or controlled 111,150,260 shares and 12,352,008 warrants representing an equity interest of approximately 14.92% in the issuer on a undiluted and a 16.30% interest on a partially diluted basis. Immediately following the transaction that triggered the requirement to file this press release, Dundee and its affiliates own or control a total of 139,724,167 shares, 12,352,008 warrants and 1,168,220 compensation options representing an interest of approximately 17.20% on a non-diluted basis and an interest of 18.55% on a partially diluted basis.

Dundee has acquired the issuer’s securities for investment purposes only. Dundee intends to review, on an ongoing basis, various factors relating to its investment, including (but not limited to) the price and availability of the issuer’s securities, subsequent developments affecting the issuer or its business, and general market and economic conditions. Depending on these and other factors, Dundee may decide to purchase additional securities of the issuer or may decide in the future to sell all or a portion of its investment.

This press release is issued in accordance with National Instrument 62-103 – The Early Warning System and Related Issues Related to Takeover Bids and Insider Reporting as part of the filing of an early warning report. The acquisition alert statement will be filed on the System for Electronic Document Retrieval and Analysis (“SEDAR”) at www.sedar.com under the Issuer’s profile. For a copy of the early warning report filed by Dundee, please contact:

Dundee Society
Legal department
1 Adelaide Street East, Suite 2000
Toronto, Ontario M5C 2V9
Tel: (416) 365-5172

ABOUT DUNDEE CORPORATION

Dundee Corporation is an independent Canadian public holding company, listed on the Toronto Stock Exchange under the symbol “DC.A”. Through its operating subsidiaries, Dundee Corporation is an active investor focused on creating long-term sustainable value as a trusted partner in the mining industry with over 30 years of experience in accretive mining investments.

FOR MORE INFORMATION, PLEASE CONTACT:

Investor Relations and Media
Phone. : (416) 864-3584
Email: [email protected]

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