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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. |
