Press Releases

Dundee Sustainable Technologies announces exercise of warrants for proceeds of $5 million

July 09, 2015

MONTREAL, QUEBEC, July 9, 2015 – Dundee Sustainable Technologies Inc. (“DST”) (CSE: DST) is pleased to announce that all of the 50,000,000 warrants (the “Warrants”) held by Dundee Corporation have been exercised for an equal number of Subordinate Voting Shares (the “Shares”) at a price of $0.10 per Warrant, for aggregate proceeds to the Corporation of $5,000,000. The Corporation currently has no further warrants outstanding.

“The exercise of these Warrants, the recent $5 million financing through Investissement Quebec (press release of May 15, 2015) and the $900,000 financial contribution from Canada Economic Development announced yesterday represent a strong confidence in the Corporation” stated John Mercer, President and CEO of the Corporation.

As a result of the exercise of the Warrants, Dundee Corporation now holds a 66% equity interest and an 85% voting interest in the Corporation.

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