MVP Capital has sold 2.3 million shares of Dundee-Palliser Resources (TSE) at 14 cents per share, bringing its interest in Dundee to 38.2%.
MVP also bought 1.5 million Dundee warrants for $225,000 in a private placement deal, each warrant conferring the right to buy one common share at 15 cents until July 31, 1994.
Dundee plans to use the funds in the purchase of the Gays River mine in Nova Scotia.
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