Dundee Precious Metals Inc.

TSX: DPM, DPM.WT, DPM.WT.A


Feb 22, 2010 07:59 ET
TORONTO, ONTARIO–(Marketwire – Feb. 22, 2010) –

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Dundee Precious Metals Inc. (“DPM” or the “Company”) (TSX:DPM)(TSX:DPM.WT)(TSX:DPM.WT.A) is pleased to announce that it has entered into an agreement with a syndicate of investment dealers, led GMP Securities L.P. and including Cormark Securities Inc., Dundee Securities Corporation, BMO Capital markets and Union Securities Inc. (collectively, the “Underwriters”), which have agreed to purchase, on a bought deal basis, 20,000,000 common shares (the “Shares”) of the Company at a price of $C3.30 per Share, for aggregate gross proceeds of C$66,000,000.

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For more information, please contact

Dundee Precious Metals Inc.
Jonathan Goodman
President & Chief Executive Officer
(416) 365-2408
jgoodman@dundeeprecious.com
or
Dundee Precious Metals Inc.
Stephanie E. Anderson
Executive Vice President & CFO
(416) 365-2852
sanderson@dundeeprecious.com
or
Dundee Precious Metals Inc.
Lori Beak
Vice President, Investor Relations & Corporate Secretary
(416) 365-5165
lbeak@dundeeprecious.com

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Dundee Precious Metals Announces C$66 Million Bought Deal Financing.

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