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Cabral Gold shares disposed by asset manager for investment purposes

Dundee disposed of 499,999 common shares of Cabral Gold

Cabral Gold Inc - Cabral Gold shares disposed by asset manager
Dundee now has an approximate 11.18% interest in Cabral Gold

Dundee Corporation (TSE:DC.A) announced Friday the disposition of 499,999 common shares of Cabral Gold Inc. (CVE:CBR) (OCTMKTS:GBGZF). 

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.

READ: Cabral Gold 'very pleased' with first drill hole at MG deposit at Cuiú Cuiú project

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.

Contact the author: [email protected]

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Quick facts: Cabral Gold Inc

Price: 0.14 CAD

TSX-V:CBR
Market: TSX-V
Market Cap: $8.63 m
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