Dundee Bancorp. (TSE) has notified the Ontario Securities Commission and the Toronto Stock Exchange of its intention to sell more than 6.6 million common shares of Breakwater Resources (TSE).
The shares will be sold to Westpac Banking as part of a restructuring plan previously announced by Breakwater.
Dundee currently holds more than 29 million, or 22%, of the issued and outstanding common shares of Breakwater, as well as more than 5.7 million of Series A shares, which are convertible into Breakwater common shares.
Be the first to comment on "6.6-m Breakwater shares to be sold"