Core Points - Dundee Precious Metals Inc. (DPM) announced the approval of the issuance of common shares for the acquisition of Adriatic Metals plc and a name change to "DPM Metals Inc." [1][2] - The voting results showed that 99.73% of votes were in favor of the Share Issuance and 99.81% for the Name Change, with significant participation from shareholders [2] - Adriatic Metals has also received the necessary shareholder approvals for the acquisition scheme [3] - The completion of the acquisition is pending court sanction scheduled for August 29, 2025, with an expected effective date of September 3, 2025 [4] Voting Results - A total of 122,182,683 DPM Shares were voted for the Share Issuance, representing approximately 73.19% of the issued shares [2] - For the Name Change, 125,583,567 DPM Shares were voted, representing approximately 75.23% of the issued shares [2] - Detailed voting results indicate 121,852,918 votes (99.73%) for the Share Issuance and 125,346,665 votes (99.81%) for the Name Change [2] Company Overview - Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations in Bulgaria, Serbia, and Ecuador [5] - The company's strategic objective is to become a mid-tier precious metals company focused on sustainable and efficient gold production [5] - DPM aims to maintain a strong financial position to support growth in mineral reserves and production through disciplined strategic transactions [5]
Dundee Precious Metals Announces Overwhelming Shareholder Approval for Acquisition of Adriatic Metals and Name Change
Globenewswireยท2025-08-13 17:17