Exchange Bulletin

Dundee Acquisition Ltd. (DAQ.UN) To Trade On Toronto Stock Exchange


April 20, 2015

Dundee Acquisition Ltd. (the “Company”) - An application has been granted for the original listing in the Industrial category of 11,500,000 Class A Restricted Voting Units (the “Class A Restricted Voting Units”), of which 10,000,000 Class A Restricted Voting Units will be issued and outstanding, and 1,500,000 Class A Restricted Voting Units will be reserved for issuance upon completion of an initial public offering (the “Offering”).

Listing of the Class A Restricted Voting Units will become effective at 5:01 p.m. on Monday, April 20, 2015, in anticipation of the offering closing on Tuesday, April 21, 2015. The Class A Restricted Voting Units will be posted for trading at the opening on April 21, 2015.

Each Class A Restricted Voting Unit consists of one Class A Restricted Voting Share (the “Class A Restricted Voting Share”) and one-half of a share purchase warrant (the “Warrant”). The Class A Restricted Voting Units will separate into Class A Restricted Voting Shares and Warrants 40 days following the closing of the Offering (or the next trading day, if the 40th day is not a trading day). Upon the closing of a Qualifying Acquisition (as such term is defined below), each Class A Restricted Voting Share would, unless previously redeemed, be automatically converted into one Class B Share.

Each Warrant entitles the holder to purchase one Class A Share (and upon closing of a Qualifying Acquisition, each Warrant would represent the entitlement to purchase one Class B Share). The Warrants will become exercisable, at an exercise price of $11.50 per share, only commencing 30 days after the completion of the Qualifying Acquisition and will expire at 5:00 p.m. (Toronto time) on the day that is five years after the completion of the Qualifying Acquisition.

Upon separation of the Class A Restricted Voting Units, the Class Restricted Voting A Shares and the Warrants will be listed on TSX. A further bulletin will be issued confirming the separation date of the Class A Restricted Voting Units and the trading information of the Class A Restricted Voting Shares and Warrants.

Registration of interest in, and transfer of, the Class A Restricted Voting Units held through CDS Clearing and Depository Services Inc. (“CDS”) or its nominee will be made electronically through the non-certificated inventory (NCI) system of CDS. Class A Restricted Voting Units registered in the name of CDS or its nominee will be deposited electronically with CDS on an NCI basis on the closing of the Offering. A purchaser of Class A Restricted Voting Units, subject to certain exceptions, will receive only a customer confirmation from the registered dealer through which the Class A Restricted Voting Units are purchased.

Additional information on the Class A Restricted Voting Units, the Class A Restricted Voting Shares, Class B Shares and the Warrants can be found in the Company’s final prospectus dated April 14, 2015 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.

 

Stock Symbol: "DAQ.UN" CUSIP: 26518T 30 4 Trading Currency: CDN$

 

Temporary Market Maker: National Bank Financial Inc.
Other Markets: None
Head Office Address: 1 Adelaide Street East
21st Floor
Toronto, Ontario M5C 2V9
Telephone Number: (416) 350-3323
Email Address: JTurnbull@dundeeglobal.com
Website: www.dundeeacquisition.com
Investor Relations: Jonathan Turnbull
Tel: (647) 253-1156
Email: info@dundeeacquisition.com
Chief Financial Officer: Lucie Presot
Acting Corporate Secretary: Carl Calandra
Incorporation: The Company was incorporated under the Business Corporations Act (Ontario) on March 5, 2015.
Fiscal Year End: December 31
Nature of Business: The Company is a newly organized special purpose acquisition corporation incorporated under the laws of the Province of Ontario for the purpose of effecting an acquisition of one or more businesses or assets, by way of a merger, share exchange, asset acquisition, share purchase, reorganization, or any other similar business combination involving the Company (the “Qualifying Acquisition”). The Company has not identified any Qualifying Acquisition target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any prospective Qualifying Acquisition target. The Company is not limited to a particular industry or geographic region for purposes of completing its Qualifying Acquisition.
Transfer Agent & Registrar: Computershare Trust Company of Canada at its principal office in Toronto.
Distributions: The Company does not anticipate making regular distributions on the Class A Restricted Voting Units.
Initial Public Offering: Pursuant to the terms of the Prospectus, TD Securities Inc., Cantor Fitzgerald Canada Corporation, National Bank Financial Inc. and Dundee Securities Ltd., as underwriters, are offering to the public 10,000,000 Class A Restricted Voting Units from treasury at a price of $10.00 per Class A Restricted Voting Unit. In addition, the underwriters have been granted an over-allotment option to purchase up to an additional 1,500,000 Class A Restricted Voting Units from the treasury at a price of $10.00 per Class A Restricted Voting Unit.