UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN ISSUER PURSUANT TO RULES 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December, 2004
DUNDEE BANCORP INC. |
(Translation of registrant's name into English) |
40 King Street West, Scotia Plaza, Suite 5500, Toronto, Ontario, Canada M5H 4A9 |
(Address of principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-Fo Form 40-F x
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yeso Nox
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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| DUNDEE BANCORP INC. |
(Registrant) | ||
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Date: December 2, 2004 |
| By: /s/ Lili Mance |
Lili Mance | ||
DUNDEE BANCORP INC.'S SUBSIDIARY, EUROGAS CORPORATION, ANNOUNCES RIGHTS OFFERING
Toronto, Ontario - December 2, 2004: Eurogas Corporation "Eurogas", (TSXV: EUG) a 51% owned subsidiary of DUNDEE BANCORP INC. (TSX: DBC.SV.A), issued two news releases dated November 26, 2004 and November 29, 2004. In those releases, Eurogas updated its shareholders as to the status of its various energy projects, including the development of its underground natural gas storage facility in Spain and its oil and gas exploration activities in Tunisia. In those releases, Eurogas also indicated that it had finalized the terms of a Rights Offering in order to raise the capital necessary to continue the development of these significant projects, and that Dundee Bancorp had agreed to provide Eurogas with a $2 million credit facility on commercial terms. Under the Rights Offering, each Eurogas shareholder will be issued rights to subscribe for one common share of Eurogas on December 31, 2004 at $0.39 per share for each common share held, with certain rights of additional subscription. ��If all rights are exercised, Eurogas will issue 19,370,174 rights for gross proceeds of $7.6 million. Dundee Bancorp has advised Eurogas of its intention to fully exercise its rights to subscribe for common shares.
Dundee Bancorp is a holding company dedicated to wealth management, real estate and resources. Its domestic financial service activities are carried out through its 67% owned subsidiary, Dundee Wealth Management Inc. Dundee Bancorp also provides financial services internationally through its offices in Bermuda and the Cayman Islands. Together, these operations provide a broad range of financial products to individuals, institutions and corporations. Dundee Bancorp's real estate activities are conducted through its 86% owned subsidiary, Dundee Realty Corporation, which operates a land and housing business in Canada and the US. Real estate activities also include a 32% interest in Dundee REIT, a Canadian real estate investment trust, which owns a diversified portfolio of 13.2 million square feet of high quality office, industrial and retail properties across Canada. Resource activities are carried out through wholly owned subsidiary Dundee Resources Ltd.
For further information please contact:
Ned Goodman
Joanne Ferstman
Dundee Bancorp Inc.
Dundee Bancorp Inc.
President & CEO
Chief Financial Officer
Tel: (416) 365-5665
Tel: (416) 365-5010