Home
Site Search
Use small fonts Use medium fonts Use large fonts Email link to page

Resources

Related expertise

Dundee Precious Metals Inc. Closes $43.7 Million Strategic Equity Investment by the European Bank for Reconstruction and Development

Published: 01/24/2017

Team: Andre Boivin, Adria Leung Lim

On January 24, 2017, Dundee Precious Metals Inc. ("DPM") closed its $43.7 million strategic equity investment by the European Bank for Reconstruction and Development ("EBRD"). The investment was effected by way of a private placement of 17,843,120 common shares of DPM issued to the EBRD at a price of $2.45 per share. As a result of this transaction, the EBRD holds approximately 9.99% of DPM's common shares (on a non-diluted basis). Proceeds will be used for the construction of DPM's Krumovgrad project in Bulgaria and will serve to further strengthen DPM's financial position and flexibility during the construction phase of this project.

Cassels Brock represented DPM with a team composed of Andre Boivin and Adria Leung Lim (Securities & Mining).