03:37 PM EST - Dundee Corporation : announced today that it has acquired, pursuant to a private placement, 2,500,000 units of IOU Financial Inc. at a price of $0.40 per Unit. Each Unit is comprised of one Class B common share in the capital of IOU Financial and one Class B common share purchase warrant. Each Warrant entitles the holder to purchase one Share at an exercise price of $0.50 for a period of 12 months from the date of closing. This holding represents an approximate 9.47% interest in IOU Financial on an undiluted basis or an approximate 17.30% interest assuming the conversion of all Warrants. Dundee Corporation
shares T.DC.A are trading up $0.57 at $25.57.
