A Locke Lord team led by Nicholas Jennings (London) advised Adriatic Metals Plc (ASX:ADT, LSE:ADT1), a precious and base metals explorer and developer that owns the Vares silver project in Bosnia & Herzegovina and the Raska zinc deposit in Serbia, on its US$32 million placing of new ordinary shares. The funding will enable Adriatic to accelerate and expand its exploration activities, which will help position Adriatic as one of the leading base and precious metals developers in Europe. Morgans Corporate Limited, RBC Europe Limited and Stifel Nicolaus Europe Limited acted as joint bookrunners in the placing. For more information, see the press release. Additional assistance was provided by Jake Chagoury, Charlotte Whitley-Roberts, Matthew Daffurn (all of London), Rob Evans (New York) and Jocelyn Coney (Houston).
Posted on August 9, 2023