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