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| Home : DPM and Chelopech Mining Raise Final US$14.5 Million of Chelopech Project Financing Through Raiffeisenbank |
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May 10
2011 |
DPM and Chelopech Mining Raise Final US$14.5 Million of Chelopech Project Financing Through Raiffeisenbank |
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TORONTO, ONTARIO--(Marketwire - May 10, 2011) - Dundee Precious Metals Inc. (TSX:DPM)(TSX:DPM.WT)(TSX:DPM.WT.A) (the "Company" or "DPM") and its wholly-owned subsidiary, Chelopech Mining EAD ("Chelopech"), are pleased to announce the signing today of a US$14.5 million long-term loan agreement with Raiffeisenbank (Bulgaria) EAD ("Raiffeisenbank"). The proceeds from this loan will be used to further assist in the financing of the Chelopech US$150 million mine and mill expansion in Bulgaria, which is currently underway and will double mine and mill output to 2 million tonnes of ore per year. |
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| Source:http://www.marketwire.com/mw/release.do?id=1512517&sourceType=3 |
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