June 29, 2007
Dundee Precious Metals Inc. (TSX: DPM) completed a bought deal financing for aggregate gross proceeds of $74,348,750. The financing consisted of the sale of 4,800,000 units at a price of $10.50 per unit and 1,955,000 flow-through shares at a price of $12.25 per flow-through share for aggregate gross proceeds of $50,400,000 in units and $23,948,750 in flow-through shares. Each unit consisted of one common share and one-half of one common share purchase warrant. The syndicate of underwriters was co-led by GMP Securities L.P. and Dundee Securities Corporation, and included BMO Capital Markets, National Bank Financial Inc. and Orion Securities Inc.
Wildeboer Dellelce LLP represented the underwriters with a team comprised of Vaughn MacLellan, Lisa Cunningham and Anndra Schwartz (corporate/securities) and Kevin Fritz (tax).