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Adriatic Metals PLC - Cheltenham-based exploration & development firm - Enters into binding commitments to secure USD28 million of financing. Adriatic says USD20 million to come from private placement of 8.5% unsecured convertible debentures to Queen's Road Capital Investment Ltd. Says European Bank for Reconstruction & Development to subscribe for GBP6.2 million in shares at GBP1.175 each.
Current stock price: 114.50 pence
Year-to-date change: up 36%
By Eric Cunha; ericcunha@alliancenews.com
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