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Tue, April 30, 2013
[ 06:51 PM ] - Market Wire
Reserves Release

Dundee Corporation Acquires Further Interest in 360 VOX Corporation


Published on 2013-04-30 14:16:22 - Market Wire
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April 30, 2013 17:01 ET

Dundee Corporation Acquires Further Interest in 360 VOX Corporation

TORONTO, ONTARIO--(Marketwired - April 30, 2013) - In accordance with regulatory requirements, Dundee Corporation (TSX:DC.A)(TSX:DC.PR.A) ("Dundee") announces that it has acquired 8,800 units ("Units") of 360 VOX Corporation (the "Company") in a private placement at a price of $1,000 per Unit. Each Unit consists of one convertible unsecured debenture ("Debenture") of the Company in the principal amount of $1,000 and 2,380 common share purchase warrants (each, a "Warrant"), with each Warrant entitling the holder thereof to purchase one common share of the Company (a "Warrant Share") at an exercise price of $0.30 per Warrant Share for a period of 36 months from closing, subject to receipt of any prior required regulatory and shareholder approvals. Subject to receipt of any prior required regulatory and shareholder approvals, the principal amount of the Debentures are convertible on or before the date that is five years from the date of issuance (or the business day immediately preceding the date fixed for redemption, as further described in the Company's news release dated April 26, 2013), at the option of the holder, into common shares of the Company at a conversion rate of $0.21 per common share.

Dundee owns 48,028,138 common shares of the Company representing an approximate 18% interest and, assuming the conversion of the Debentures and the exercise of the Warrants, Dundee Corporation would own 110,876,900 common shares of the Company representing an approximate 34% interest.

The position in the Company was acquired for investment purposes and may be increased or decreased in the future as considered appropriate in light of investment criteria, market conditions and other factors and in accordance with the provisions of applicable securities legislation.



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