Dundee Precious Completes Settlement of Remaining Obligations on Purchase of Bulgarian Mining Assets from Navan.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- Dundee Precious Metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :DPM (Documents Per Minute) The number of paper documents that can be processed in one minute. )("Dundee Precious" or the "Company") is pleased to announce that in connection with the settlement of the remaining obligations to Navan Mining plc (in administrative receivership Administrative receivership is a procedure in common law countries whereby a creditor can enforce security against a company's assets in an effort to obtain repayment of the secured debt. ) ("Navan") in respect of the September 30, 2003 purchase of Navan's Bulgarian mining assets which was announced on January 10, 2005, all of the outstanding security that attached to the Bulgarian mining assets has been released and the settlement has now been completed. Dundee Precious is an operating mining company engaged in the acquisition, exploration, development and mining of precious metals. It currently owns the Chelopech Mine, a producing gold/copper mine, and Ada Tepe, a gold exploration property, both located in Bulgaria. The Company is engaging in mineral exploration activities in the region and holds a significant portfolio of investments in the precious metals and mineral related sector. DUNDEE PRECIOUS METALS INC. (TSX:DPM) |
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