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TORONTO - Dundee Precious Metals Inc . (TSX:DPM) has secured approval from the Competition Council of Bosnia and Herzegovina for its proposed acquisition of Adriatic Metals PLC, the company announced Wednesday.
The competition clearance satisfies one of the key regulatory conditions for the recommended share and cash offer first announced on June 13, 2025. The acquisition is being implemented through a Court-sanctioned scheme of arrangement under the UK Companies Act.
Completion of the transaction remains subject to several additional requirements, including approval by Scheme Shareholders at the Court Meeting and by Adriatic Ordinary Shareholders at the General Meeting. DPM shareholders must also pass a resolution at the DPM Special Meeting, with all three meetings scheduled for August 13, 2025.
The Court must also sanction the Scheme at a hearing expected to take place after all conditions are satisfied or waived. The transaction has a long stop date of December 31, 2025.
Dundee Precious Metals, a Canadian-based international mining company, currently operates in Bulgaria with exploration assets in Bulgaria, Serbia, and Ecuador. The acquisition would expand DPM’s portfolio to include Adriatic’s mining operations.
The companies have established a detailed timetable for the remaining steps in the acquisition process, including voting deadlines, record dates, and the expected timing for the issuance of new DPM Common Shares.
BMO Capital Markets is acting as financial adviser to DPM in connection with the transaction.
This article is based on a press release statement issued by Dundee Precious Metals.
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