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Apex Trader Funding (ATF) - News

Dundee Corporation Obtains Additional C$5 Million Under Amended and Restated Term Loan Facility

TORONTO, July 09, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX:DC, DC.PR.B and DC.PR.D)) ("Dundee" or the "Corporation") announced today that it has entered into an amended and restated loan agreement dated July 9, 2024 (the "Amended and Restated Loan Agreement") among the Corporation, as borrower, Dundee Resources Limited, as guarantor, and Earlston Investments Corp. ("Earlston"), as lender, pursuant to which Earlston has agreed to advance an additional C$5,000,000 to Dundee (the "Second Advance"). The Second Advance was advanced by Earlston to Dundee on July 9, 2024. Outstanding obligations under the Amended and Restated Loan Agreement are guaranteed by Dundee Resources Limited and secured by a security interest over all present and after-acquired personal property of the Corporation and Dundee Resources Limited, including a pledge of the following: (i) 186,942,820 common shares of Reunion Gold Corporation held by Dundee Resources Limited (the "Reunion Shares"); and (ii) all shares to be received by Dundee Resources Limited in exchange for such Reunion Shares in connection with the plan of arrangement involving Reunion Gold Corporation, expected to be completed on or around July 15, 2024 pursuant to the terms of the arrangement agreement dated April 22, 2024 between G Mining Ventures Corp., Reunion Gold Corporation and 15963982 Canada Inc (such shares, together with the Reunion Shares, being the "Share Collateral"). The Amended and Restated Loan Agreement provides ...