Latest Share Chat

Canadian Court Approves Adriatic Metals' Acquisition Of Tethyan

Fri, 21st Aug 2020 11:42

(Alliance News) - Adriatic Metals PLC on Friday said Tethyan Resource Corp now has a final order from the Supreme Court of British Columbia approving its plan of arrangement to be acquired by Adriatic Metals.

Back in June, precious and base metals explorer and developer Adriatic Metals entered into definitive agreement with fellow metals explorer Tethyan for its acquisition through the issue of 0.166 of an Adriatic share for each Tethyan share.

Tethyan shareholders have already approved the all-share acquisition.

Upon completion of the deal, Tethyan will apply to delist its shares from the TSX Venture Exchange.

Shares in Adriatic Metals were down 2.7% at 133.00 pence in London on Friday morning.

By Anna Farley; annafarley@alliancenews.com

Related Shares

More News

28 May 2024 11:56

Adriatic Metals raises USD50 million as sales begin at Bosnian mine

(Alliance News) - Adriatic Metals PLC on Tuesday said it completed a USD50.0 million fundraise ahead of plans to scale up production at the Vares oper...

28 May 2024 07:59

Adriatic Metals to raise $50m as Vares project ramps up

(Sharecast News) - Precious and base metals group Adriatic Metals has announced plans to raise $50m through a share placing as it "optimises" its bala...

21 May 2024 10:00

LONDON BROKER RATINGS: UBS lifts Schroders; Barclays likes Wise

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

3 May 2024 10:50

IN BRIEF: Adriatic Metals CFO Mike Norris resigns after just two years

Adriatic Metals PLC - Cheltenham, England-based precious and base metals developer, with licences in Bosnia & Herzegovina and Serbia - Chief Financial...

3 May 2024 08:09

Adriatic Metals announces resignation of CFO

(Sharecast News) - Adriatic Metals, the FTSE 250 precious and base metals miner, has announced that its chief financial officer is stepping down after...