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Dundee grows Bulgaria footprint with Velocity deal

TSX-listed Dundee Precious Metals is to grow its position in Bulgaria after agreeing to invest up to C$7 million for a 9.99% stake in Velocity Minerals, the company behind the Rozino gold project.

Dundee grows Bulgaria footprint with Velocity deal Dundee grows Bulgaria footprint with Velocity deal Dundee grows Bulgaria footprint with Velocity deal Dundee grows Bulgaria footprint with Velocity deal Dundee grows Bulgaria footprint with Velocity deal

Velocity Minerals' Rozino project is located in southeast Bulgaria

The funds will be used to advance Rozino, located in southeastern Bulgaria, as well as Velocity's other exploration assets, and for working capital, Velocity said.

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