Dundee Resources Limited: Ownership in U.S. Geothermal Inc.TORONTO -- In accordance with regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. , Dundee Resources Limited ("Dundee Resources") announces today that it has acquired 1,176,500 units of U.S. Geothermal Inc. ("U.S. Geothermal") in a private placement at C$0.85 per unit. Each unit consists of one common share and one warrant. These securities represent a 6.95% interest in U.S. Geothermal on an undiluted basis, and a 13.00% interest, on a partially diluted basis, assuming the exercise by Dundee Resources of all warrants held. The securities of U.S. Geothermal held by Dundee Resources are held for investment purposes.These investments will be reviewed on a continuing basis and such holdings may be increased or decreased in the future. Dundee Resources is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Dundee Bancorp Inc. (DBC See dBA. (language, parallel) DBC - A data-parallel bit-serial C based on MPL. SRC, Bowie MD. E-mail: <maya@super.org>. .A - TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension ) and focuses on Dundee Bancorp's resource investments and initiatives. |
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