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Dundee Precious Metals Completes Investment in Velocity Minerals Ltd.


On November 24, 2020, Dundee Precious Metals Inc., a TSX listed mining company, completed the acquisition of 13,394,000 common shares of Velocity Minerals Ltd., a TSXV listed exploration company, at a price of $0.50 per share for an aggregate investment of approximately $6.7 million, representing about 9.99% of Velocity’s issued and outstanding common shares.

Cassels represented Dundee Precious Metals with a team comprised of André Boivin, Alex Pizale and Heesoo Kim (Securities and Mining).

RELATED EXPERTISE: Securities | Mining