Dundee Corporation Announces CEO Medical Leave and Appoints Jonathan Goodman Executive Chairman

Toronto, Ontario, CANADA

TORONTO, Jan. 10, 2018 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX:DC.A) (the “Corporation” or “Dundee”) today announced that David Goodman, Chief Executive Officer, will begin a medical leave of absence today as he recovers from symptoms related to post-concussion syndrome.

Dundee also announces the appointment of Jonathan Goodman to the position of Executive Chairman of the Corporation, effective immediately. Robert McLeish will assume the role of independent Lead Director of the Board.  Notwithstanding the leave of absence from management responsibilities, David Goodman will continue to serve as a member of the Board of Directors of the Corporation. The Board has also accepted the resignation of Virginia Gambale.

The day-to-day operations and oversight of the Corporation will be managed by the Corporation’s executive management committee led by Jonathan Goodman and comprised of Mark Goodman, President; Richard McIntyre, Executive Vice President and Chief Operating Officer; Lucie Presot, Executive Vice President and Chief Financial Officer; and Eric Klein, Executive Vice President, Corporate Development.

“On behalf of the board of directors, I would like to wish David Goodman a speedy recovery,” said Mr. McLeish. “I would also like to welcome Jonathan Goodman to the company and I look forward to working with him together with our existing team towards maximizing Dundee’s significant resource portfolio and merchant banking activities.”

“We would like to thank Virginia for her contributions to the Board and wish her well in her future endeavors,” added Mr. McLeish.

Jonathan Goodman has over 30 years mining investment and operating experience. He has worked as a geologist, senior analyst, portfolio manager and senior executive, operating a mining company, leading a mining-focused investment banking group, and building extensive knowledge and relationships in the global mining resource and finance sectors over a distinguished career. Jonathan held the role of Executive Chairman of Dundee Precious Metals (DPM-T) from April 2013 to September 2017, at which time he was appointed Chairman, and was its CEO from 1995 until 2013.

Dundee Corporation is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol “DC.A”.  Through its operating subsidiaries, Dundee Corporation is engaged in diverse business activities in the areas of investment advisory, corporate finance, energy, resources, agriculture, real estate and infrastructure.  Dundee Corporation also holds, directly and indirectly, a portfolio of investments mostly in these key areas, as well as other select investments in both publicly listed and private enterprises.

This press release contains forward-looking information with respect to future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. The reader is referred to the documents which the company files from time to time with applicable securities and regulatory authorities.


John Vincic  
Investor and Media Relations
Dundee Corporation
(647) 402-6375