(RTTNews) – Thursday, Dundee Precious Metals Inc. (DPM.TO) completed the previously announced settlement with Louis Dreyfus Commodities Metals Suisse S.A. The settlement was of approximately US$11.4 million of financial obligations owed by Namibia Custom Smelters Ltd. to LDC, through the payment of US$2 million to be made in cash and the issuance of 2.9 million common shares of DPM, a value of US$9.4 million based on a deemed price of Cdn$3.50 per share.

Dundee Precious Metals Inc. is a Canadian based, international mining company engaged in the acquisition, exploration, development, mining and processing of precious metals. DPM owns the Chelopech mine, a producing gold/copper mine, and the Krumovgrad Gold Project, a mining development project both located in Bulgaria, as well as a 95% interest in the Kapan Mine in Armenia.

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