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TORONTO, ONTARIO--(Marketwire - Nov. 1, 2012) - In accordance with regulatory requirements, Dundee Corporation (TSX:DC.A) ("Dundee") announces that pursuant to the previously announced private placement of APIC Petroleum Corporation ("APIC"), Dundee has purchased 56,182,907 subscription receipts of APIC ("Subscription Receipts") at an issue price of $0.13 per Subscription Receipt. Each Subscription Receipt is automatically exercisable for no additional consideration into one common share of APIC, immediately prior to the completion of the proposed transaction with Longreach Oil and Gas Limited ("Longreach") as further described in the joint press release of Longreach and APIC dated October 2, 2012. |
