Dundee Precious Metals Acquires Units Of Mediterranean Minerals Corp. On Settlement Of Debt And Purchases Shares Of Adamus Resources Limited.TORONTO -- In accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. , 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") announces that it has acquired 18,000,000 units of Mediterranean Minerals Corp. ("Mediterranean") at $0.05 each in full settlement of a $900,000 convertible debenture Convertible Debenture Any type of debenture that can be converted into some other security. Notes: For example, a convertible bond can be converted into stock. . Each unit consists of one common share and one share purchase warrant that is exercisable into one common share of Mediterranean at $0.10 for a one year period. The above securities represent an approximate 15.5% interest in Mediterranean, on an undiluted basis, and approximately 26.6% assuming the exercise of the warrants. The Company now holds an aggregate of 20,099,286 common shares and 19,529,000 warrants of Mediterranean which represents an approximate 17.4% interest in Mediterranean, on an undiluted basis, and approximately 29.3% assuming the exercise of all warrants held. Dundee Precious also acquired an aggregate of 3,595,000 ordinary shares of Adamus Resources Limited ("Adamus") on the open market at $0.36 per share, which securities represent an approximate 4.2% interest. The Company now holds an aggregate of 9,095,000 ordinary shares of Adamus which represents approximately 10.5%. The above noted securities held by Dundee Precious are held for investment purposes. These investments will be reviewed on a continuing basis and such holdings may be increased or decreased in the future. Dundee Precious is a Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. 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 the Krumovgrad Gold Project, a development project, both located in Bulgaria and is engaged in mineral exploration activities in the region. In addition, Dundee Precious has the option to earn a 60% interest in the Back River gold project in Nunavut, Canada. The Company also holds a significant and strategic portfolio of investments in the precious metals and mineral related sector. Dundee Precious Metals Inc. (TSX:DPM) |
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