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Dundee Precious Metals Inc. Completes $66 Million Offering

Published: 03/24/2010

By Andre Boivin, Paul M. Stein

On March 15, 2010, Dundee Precious Metals Inc. completed a bought deal equity financing for gross proceeds of $66,000,000. A syndicate of underwriters led by GMP Securities L.P. and including Cormark Securities Inc., Dundee Securities Corporation, BMO Nesbitt Burns Inc. and Union Securities Ltd., purchased an aggregate of 20,000,000 common shares at a price of $3.30 per Common Share.

Cassels Brock acted for Dundee Precious Metals Inc. with a team that included Paul Stein (Securities and Mining), André Boivin (Securities and Mining) and Christine Gallo (Securities).