TORONTO, Sept. 21 /CNW/ - Following the purchase of units and warrants of
DPF India Opportunities Fund (the "Fund") on September 20, 2007, Steve Laciak
acquired beneficial ownership in his personal and family member accounts of a
total of 627,000 units of the Fund and 2,237,800 warrants of the Fund. Mr.
Laciak, an employee of Dundee Securities Corporation, also exercises control
or direction in respect of a proprietary account at Dundee which holds
50,000 units and 100,000 warrants. In aggregate, Mr. Laciak owns and/or
exercises control or direction over a total of 677,000 units of the Fund and
2,337,800 warrants, convertible into units of the Fund on a conversion ratio
of 1 unit per warrant. As a result of factoring in the units underlying the
warrants, Mr. Laciak therefore owns and/or exercises control or direction over
11% of the outstanding units of the Fund.
The units and warrants were acquired in the ordinary course of Mr.
Laciak's investment activities for investment purposes. Mr. Laciak may
purchase or sell securities of the Fund in the future on the open market or in
private offerings, depending on market conditions and other factors material
to Mr. Laciak's investment decisions. Mr. Laciak does not intend to launch a
formal take-over bid or propose a transaction that could constitute a
For further information:
For further information: Mr. Louis Cavalaris, Vice President & Head of
Institutional Compliance, Dundee Securities Corporation at (416) 350-3057