BRIEF-Dundee and United Hydrocarbon International announce restructuring

Tue Aug 30, 2016 9:20pm EDT
 
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Aug 30 (Reuters) - Dundee Corp

* Dundee Corporation and United Hydrocarbon International corp. Announce restructuring

* Dundee has converted $323 million of convertible debentures and notes of UHIC issued prior to june 1, into common shares of UHIC

* Dundee forgiving all related accrued and unpaid interest on debentures and notes

* Agreed to fully backstop a $10 million private placement of common shares by uhic Source text for Eikon: Further company coverage: