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 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.
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