Non-brokered deal prices alongside C$47.52 million public stock sale
By Devika Patel
Knoxville, Tenn., June 20 – Dundee Precious Metals Inc. said it will raise C$2.52 million in a non-brokered private placement of stock.
The company will sell 840,000 common shares at C$3.00 apiece, a 9.09% discount to the June 17 closing share price of C$3.30.
The company also plans to raise C$47.52 million on a bought-deal basis through a public sale of 15.84 million shares at the same price per share, conducted by a syndicate of dealers led by RBC Capital Markets. The public sale has a C$7,128,000 greenshoe.
Settlement of both offerings is expected July 11.
Proceeds will be used to reduce debt under a revolving credit facility, to support growth initiatives and for general corporate purposes.
Dundee is a gold mining company based in Toronto.
| Issuer: | Dundee Precious Metals Inc.
|
| Issue: | Common shares
|
| Amount: | C$2.52 million
|
| Shares: | 840,000
|
| Price: | C$3.00
|
| Warrants: | No
|
| Underwriter: | Non-brokered
|
| Pricing date: | June 20
|
| Settlement date: | July 11
|
| Stock symbol: | Toronto: DPM
|
| Stock price: | C$3.30 at close June 17
|
| Market capitalization: | C$462.81 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
