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PACIFIC RIM MINING CORP.
EARLY WARNING REPORT FILED PURSUANT TO
NATIONAL INSTRUMENT 62-103
SECTION 101 OF THE SECURITIES ACT (ONTARIO)
SECTION 141 OF THE SECURITIES ACT (ALBERTA)
SECTION 111 OF THE SECURITIES ACT (BRITISH COLUMBIA)
SECTION 110 OF THE SECURITIES ACT, 1988 (SASKATCHEWAN)
SECTION 92 OF THE SECURITIES ACT (MANITOBA)
(a) The name and address of the offeror.
Dundee Wealth Management Inc. ("Dundee Wealthâ)
Scotia Plaza, Suite 5500
40 King Street West
Toronto, Ontario
M5H 4A9
(b) The designation and number or principal amount of securities and the
offeror's securityholding percentage in the class of securities of which the
offeror acquired ownership or control in the transaction or occurrence giving
rise to the obligation to file the news release, and whether it was ownership
or control that was acquired in those circumstances.
CMP Fund Corporation and an account managed by Goodman & Company,
Investment Counsel Ltd., ("Goodman"), both of which are indirect subsidiaries of
Dundee Wealth, acquired 334,200 and 300,000 common shares, respectively, of
Pacific Rim Mining Corp. ("Pacific Rim"). This represents less than 1% of
Pacific Rim.
(c) The designation and number or principal amount of securities and the
offeror's securityholding percentage in the class of securities immediately
after the transaction or occurrence giving rise to the obligation to file the
news release.
Subsidiaries, affiliates and associates of Dundee Wealth now hold or exercise
control or direction over an aggregate of 8,461,458 common shares of Pacific Rim
representing an approximate 10.8% interest in the company.
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(d) The designation and number or principal amount of securities and the
percentage of outstanding securities of the class of securities referred to in
paragraph (c) over which:
(i) the offeror, either alone or together with any joint actors, has
ownership and control,
Subsidiaries, affiliates and associates of Dundee Wealth now hold or
exercise control or direction over an aggregate of 8,461,458 common
shares of Pacific Rim representing an approximate 10.8% interest in the
company.
(ii) the offeror, either alone or together with any joint actors, has
ownership but control is held by other persons or companies other
than the offeror or any joint actor, and
Not applicable.
(iii) the offeror, either alone or together with any joint actors, has
exclusive or shared control but does not have ownership.
Not applicable.
(e) The name of the market in which the transaction or occurrence took place.
The common shares were acquired in the open market.
(f) The purpose of the offeror and any joint actors in effecting the transaction or
occurrence that gave rise to the news release, including any future intention
to acquire ownership of, or control over, additional securities of the
reporting issuer.
The securities of Pacific Rim held by certain subsidiaries, affiliates or associated
interests of Dundee Wealth or over which subsidiaries, affiliates or associated
interests of Dundee Wealth exercise control or direction, are held for investment
purposes. These investments will be reviewed on a continuing basis and such
holdings may be increased or decreased in the future.
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(g) The general nature and the material terms of any agreement, other than
lending arrangements, with respect to securities of the reporting issuer
entered into by the offeror, or any joint actor, and the issuer of the securities
or any other entity in connection with the transaction or occurrence giving
rise to the news release, including agreements with respect to the acquisition,
holding, disposition or voting of any of the securities.
Not applicable.
(h) The names of any joint actors in connection with the disclosure required by
this Form.
CMP Fund Corporation
Goodman
Dundee Precious Metals Inc., which is managed by an indirect subsidiary of
Dundee Wealth.
(i) In the case of a transaction or occurrence that did not take place on a stock
exchange or other market that represents a published market for the
securities, including an issuance from treasury, the nature and value of the
consideration paid by the offeror.
An aggregate of $799,092.00 was paid for the common shares of Pacific Rim.
(j) If applicable, a description of any change in any material fact set out in a
previous report by the entity under the early warning requirements or Part 4
(Alternative Monthly Reporting System) in respect of the reporting issuer's
securities.
Not Applicable.
DATED this 12th day of January, 2004.
"Lori E. Beak"
Name: Lori E. Beak
Title: Corporate Secretary
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