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Dundee Corporation Purchases Additional Shares Of Breakwater Resources Ltd.


In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A) announced today that it has acquired 15,400,705 common shares of Breakwater Resources Ltd. (“Breakwater”) at $0.20 per share each on the exercise of 15,400,705 warrants of Breakwater, increasing its interest in Breakwater by approximately 2.9%.

As a result of the warrant exercise, Dundee Corporation now holds directly or indirectly an aggregate of 101,880,061 common shares representing an approximate 24.4% interest in Breakwater.

The common shares of Breakwater were acquired for investment purposes by Dundee Corporation and its position in Breakwater 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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