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Adriatic Metals to raise $50m in institutional placement

Adriatic Metals, a UK-based exploration and development company, has announced that it has completed an institutional placement, raising around $50m (A$75.8m) through the issuance of 18,254,838 CHESS Depositary Interests (CDIs) at A$4.15 per CDI.

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Adriatic Metals raises USD50 million as sales begin at Bosnian mine

Adriatic Metals PLC on Tuesday said it completed a USD50.0 million fundraise ahead of plans to scale up production at the Vares operation in Bosnia. The Cheltenham, England-based exploration and.

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Adriatic to raise $50m

Silver developer Adriatic Metals has announced a $50-million institutional placement to optimise its balance sheet while ramping up the Vares operation in Bosnia and Herzegovina. The company, which is listed on the ASX, LSE and OTCQX, will issue about 18.3-million CHESS depositary interests (CDIs) over new fully paid shares in the company. The offer price of A$4.15 per CDI represents a discount to the five-day volume weighted average price on the ASX on May 24.

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