Dundee Precious Metals Announces Renewal of Normal Course Issuer Bid
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Dundee Precious Metals Announces Renewal of Normal Course Issuer Bid
Toronto, February 25, 2022 – Dundee Precious Metals Inc. (TSX: DPM) (the “Company”) announced
today that the Toronto Stock Exchange (“T SX”) accepted its notice of intention to renew its normal
course issuer bid (the “ New Bid”) to purchase certain of its common shares (“Shares”) through the
facilities of the TSX. The Company commenced a normal course issuer bid (the “Current Bid”) on March
1, 2021 , which terminates o n February 2 8, 2022. Under the Current Bid, the Company sought and
obtained approval to purchase up to 9 million Shares. As at February 17, 2022, the Company had
purchased 2,857,800 Shares under the Current Bid.
The number of Shares that may be purchased during the period of the New Bid, which commences on
March 1, 2022 and terminates on February 28, 2023, will not exceed 9 million Shares, being 4.7% of
the 190,880,058 issued and outstanding Shares as of February 17, 2022. All purchases made pursuant
to the New Bid will be made through the facilities of the TSX or other alternative trading systems in
accordance with applicable Canadian securities laws and Shares purchased pursuant to the New Bid
will be cancelled . Pursuant to the terms of the New Bid, the Company will not acquire on any given
trading day more than 100,319 Shares, representing 25% of the average daily trading volume of Shares
for the most recently completed six-month period, being 401,276 Shares, other than block purchase
exceptions. The New Bid will also allow the Company to implement an automatic share repurchase plan
with its designated broker in order to facilitate purchase of its shares.
The Company has re-appointed RBC Capital Markets to make any purchases under the New Bid on its
behalf. The actual timing and number of Shares that may be purchased pursuant to the New Bid will be
subject to a number of considerations, including, among other things, the Company’s Share price,
financial position, and its assessment of alternative u ses of capital in accordance with a disciplined
capital allocation framework.
About Dundee Precious Metals Inc.
Dundee Precious Metals Inc. is a Canadian -based international gold mining company with operations
and projects located in Bulgaria, Namibia, Ecuador and Serbia . The Company’s purpose is to unlock
resources and generate value to thrive and grow together. This overall purpose is supported by a
foundation of core values, which guides how the Company conducts its business and informs a set of
complementary strategic pillars and objectives related to ESG, innovation, optimizing our existing
portfolio, and growth. The Company’s resources are allocated in -line with its strategy to ensure that
DPM delivers value for all of its stakeholders. DPM’s shares are traded on the Toronto Stock Exchange
(symbol: DPM).
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Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward looking statements” or “forward looking information” (collectively,
“Forward Looking Statements”) that involve a number of risks and uncertainties. Forward Looking
Statements are statements that are not historical facts and are generally, but not always, identified by
the use of forward looking terminology such as “plans”, “expects”, “is expected”, “budget”, “scheduled”,
“estimates”, “forecasts”, “guidance”, “outlook”, “intends”, “anticipates”, “believes”, or variations of such
words and phrases or that state that certain actions, events or results “may”, “could”, “would”, “might” or
“will” be taken, occur or be achieved, or the negative of any of these terms or similar expressions. The
Forward Looking Statements in this press release relate to, among other things: the timing and number
of Shares that may be purchased pursuant to the New Bid. Forward Looking Statements are based on
certain key assumptions and the opinions and estimates of management and Qualified Persons (in the
case of technical and scientific information), as of the date such statements are made, and they involve
known and unknown risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from any other future results,
performance or achievements expressed or implied by the Forward Looking Statements. In addition to
factors already discussed in this news release, such factors include, among others: there being no
assurance that the Company will purchase any Shares under the New Bid; as well as those risk factors
discussed or referred to in the Company’s MD&A under the heading “Risks and Uncertainties” and under
the heading “Cautionary Note Regarding Forward Looking Statements” which include further details on
material assumptions used to develop such Forward Looking Statements and material risk factors that
could cause actual results to differ materially from Forward Looking Statements, and other documents
(including without limitation the Company’s most recent Annual Information Form) filed from time to time
with the securities regulatory au thorities in all provinces and territories of Canada and available on
SEDAR at www.sedar.com.
The reader has been cautioned that the foregoing list is not exhaustive of all factors and assumptions
which may have been used. Although the Company has attempted to identify important factors that
could cause actual actions, events or results to differ materially from those described in Forward Looking
Statements, there may be other factors that cause actions, events or results not to be anticipated,
estimated or intended. There can be no assurance that Forward Looking Statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
statements. The Company’s Forward Looking Statements reflect current expectations regarding future
events and speak only as of the date hereof. Other than as it ma y be required by law, the Company
undertakes no obligation to update Forward Looking Statements if circumstances or management’s
estimates or opinions should change. Accordingly, readers are cautioned not to place undue reliance
on Forward Looking Statements.
For further information please contact:
David Rae
President and Chief Executive Officer
Tel: (416) 365-5092
Hume Kyle
Executive Vice President and Chief Financial Officer
Tel: (416) 365-5091
Jennifer Cameron
Director, Investor Relations
Tel: (416) 219-6177