Immediately prior to the disposition of securities, Dundee and its affiliates owned or controlled 7,394,999 shares and warrants to purchase up to 615,999 shares representing an approximate 11.99% interest in Cabral Gold on an undiluted basis and 12.86% on a partially diluted basis.
Immediately following the transaction that triggered the announcement in a statement, Dundee now owns 6,895,000 shares and warrants to purchase up to 615,999 shares, representing an approximate 11.18% interest in Cabral Gold on an undiluted basis and 12.06% on a partially diluted basis.
Dundee, an asset management company, said it disposed of the shares for investment purposes only and intends to review, on a continuous basis, various factors related to its investment in Vancouver-based Cabral Gold.
The sale was conducted through Dundee’s wholly-owned subsidiary, Goodman & Company, Investment Counsel Inc on behalf of managed accounts.
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