Major Growth for 2017 TORONTO, ONTARIO--(Marketwired - Dec. 22, 2016) - Dundee Precious Metals Inc.
...pleased to announce that it has entered into a definitive agreement with respect to a C$43.7 million strategic equity investment in DPM by the European Bank for Reconstruction and Development ("EBRD").
The investment is to be effected by way of a private placement of 17,843,120 common shares of the Company to be issued to the EBRD at a price of C$2.45 per share. As a result of this transaction, the EBRD will hold approximately 9.99% of the Company's common shares (on a non-diluted basis). Proceeds will be used for the construction of the Krumovgrad project in Bulgaria and will serve to further strengthen the Company's financial position and flexibility during the construction phase of this project.