June 20, 2016 / 7:52 PM / a year ago

BRIEF-Dundee Precious Metals announces C$50 million bought deal financing

June 20 (Reuters) - Dundee Precious Metals Inc :

* Investment dealers, agreed to purchase, on a bought deal basis, 15.8 million common shares at a price of C$3.00 per share

* Intends undertaking a non-brokered private placement of 840,000 shares of company at a price of C$3.00 per shar

* Plans to use net proceeds from offering, non-brokered private placement to reduce drawdowns under revolver credit facility

* DPM announces C$50 million bought deal financing Source text for Eikon: Further company coverage:

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