05:32 PM EDT, 07/09/2024 (MT Newswires) -- Dundee Corp (DC-A.TO) after trade Tuesday entered into an amended and restated loan agreement dated July 9, between the corporation, as borrower, Dundee Resources, as guarantor, and Earlston Investments, as lender, under which Earlston has agreed to advance an additional $5 million to Dundee.

A statement noted the Second Advance was paid by Earlston to Dundee on Tuesday. It also noted outstanding obligations under the agreement are guaranteed by Dundee Resources and secured by a security interest over all present and after-acquired personal property of the corporation and Dundee Resources, including a pledge of the following: one, 186,942,820 common shares of Reunion Gold Corporation ( RGDFF ) held by Dundee Resources; and two, all shares to be received by Dundee Resources in exchange for such Reunion shares in connection with the plan of arrangement involving Reunion, expected to be completed on or around July 15, 2024 pursuant to the terms of the arrangement agreement dated April 22, 2024 between G Mining Ventures Corp. ( GMINF ), Reunion and 15963982 Canada Inc.

The amended and restated loan agreement provides that the corporation shall use the proceeds of the Second Advance for general corporate purposes, the statement added.

Dundee Corp closed down $0.01 at $1.28 on the Toronto Stock Exchange.