No question Dundee was in the background lurking and handed this off. Who got the favour is open for debate but you don't get something for nothing and 3.75 is a gift.

http://www.primarycapital.ca/management.html

Barry Gordon - Chairman & Director

Barry Gordon’s career began in 1966, when he joined Playfair & Company as a research assistant. By age 26, Barry was retail sales manager and a shareholder. During the 1970s, Barry worked as an institutional salesman. In 1979, he joined BBN in Toronto, and became President of the company eight years later. By 1993, Barry had founded a new brokerage firm called Eagle and Partners Inc., an equal partnership with Dundee Bancorp Inc. In 1998, Barry expanded the firm by purchasing Deacon and Company. Dundee eventually purchased Barry’s interest in Eagle and Partners and changed the name of the firm to Dundee Securities Inc., where Barry assumed the role of Vice-Chairman and Director of Dundee Securities. In the spring of 2006, Barry founded Primary Capital Inc. as a limited market dealer. He continues to leverage his decades of experience in the Canadian capital markets and relationships with investors to create value for his clients.

Robert Pollock - President, CEO & Director
Rob Pollock served as Senior Vice President of Quest Capital Corp. (TSX: QC, AMEX: QCC and AIM: QCC) from September 2003 to October 2006. Rob was formerly Vice President - Investment Banking at Dundee Securities Corporation and has 15 years of experience in the Canadian capital markets with specific experience in merchant banking, institutional sales and investment banking. Rob holds an MBA from St. Mary’s University and BA from Queen’s

Not sure if this is an indication of things to come but Primary was in on GEA and ARU. Then again so was Dundee.