Adriatic Metals PLC - Bosnia & Herzegovina-focussed precious and base metals explorer - Advances additional EUR500,000 to Tethyan Resource Corp, bringing the total principal amount of the loan from Adriatic to EUR1.8 million. Proceeds from the additional advance will be used for exploration and drilling expenses on Tethyan's Kizevak and Sastavci properties in Serbia, reasonable expenses incurred in the ordinary course of business, and expenses in connection with the plan of arrangement with Adriatic.
Current share price: 139.50 pence
Year-to-date change: up 66%
By Tapan Panchal; tapanpanchal@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
Adriatic Metal. (ADT1)