Dundee Precious Metals close $43.7M EBRD investment

Dundee Precious Metals Inc. (TSX: DPM) has closed its previously announced C$43.7 million strategic equity investment by the European Bank for Reconstruction and Development (EBRD) by way of a private placement of 17,843,120 common shares at $2.45 per share.

As a result of this transaction, European Bank for Reconstruction and Development holds approximately 9.99% of Dundee Precious Metals common shares, on a non-diluted basis

Dundee Precious Metals intends to use proceeds for the construction of the Krumovgrad project in Bulgaria.

photo credit: Dundee Precious Metals

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.