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In This List

Dundee Precious Metals raises C$57.1M via bought deal financing, private placement

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Dundee Precious Metals raises C$57.1M via bought deal financing, private placement

DundeePrecious Metals Inc. said July 11 that it has C$54.6 million by issuing18,216,000 common shares at C$3.00 each through a bought deal financing with asyndicate of underwriters led by RBC Capital Markets.

The financing included the initial agreement to acquire15,840,000 shares and exercise in full by the underwriters of theover-allotment option for an additional 2,376,000 shares.

The company also raised C$2.5 million by issuing 840,000shares at C$3.00 each through its non-brokered private placement sold toDundee Corp.

The total amount that the company raised through the boughtdeal financing and private placement comes to C$57.1 million.

Proceeds from the offering and the private placement will beused to reduce drawdowns under its revolving credit facility, to support itsgrowth initiatives and for general corporate purposes.