Brief: Dundee Precious Metals Announces Acquisition of Osino

DPM Metals

18/12/2023 11:34

Dec 18 (Reuters) - Dundee Precious Metals Inc  DPM.TO :
    * DUNDEE PRECIOUS METALS ANNOUNCES ACQUISITION OF OSINO
    * DUNDEE PRECIOUS METALS INC - PROPOSED DEAL FOR C$0.775 IN
CASH
PER OSINO SHARE AND 0.0801 OF A DPM COMMON SHARE PER OSINO SHARE
    * DUNDEE PRECIOUS METALS - CONSIDERATION IMPLIES A VALUE OF
C$1.55
PER OSINO SHARE, TOTAL EQUITY VALUE OF C$287 MILLION ON A
FULLY-DILUTED IN--MONEY BASIS
    * DUNDEE PRECIOUS METALS INC- DPM INTENDS TO ADVANCE ALL
REMAINING
ENGINEERING ACTIVITIES FOR TWINS HILLS TO REACH A CONSTRUCTION
DECISION BY Q3 2024
    * DUNDEE PRECIOUS METALS INC - UPON COMPLETION, DPM ISSUE
13.7
MILLION SHARES TO OSINO SHAREHOLDERS, EXISTING OSINO
SHAREHOLDERS
    * DUNDEE PRECIOUS METALS INC- ARRANGEMENT AGREEMENT HAS BEEN
UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF DPM.

Source text for Eikon:  ID:nGNXbD2z4d 
Further company coverage:  DPM.TO 

 ((Reuters.Briefs@thomsonreuters.com;))