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Adriatic Metals closes $10M raising

Bosnia-focused metal hunter Adriatic Metals has wrapped up a A$10 million (US$7.3 million) institutional placement managed by Ashanti Capital and backed by key shareholder Sandfire Resources, which used its anti-dilution rights to maintain its 7.7% stake by pumping in a further $800,000.

Adriatic Metals closes $10M raising Adriatic Metals closes $10M raising Adriatic Metals closes $10M raising Adriatic Metals closes $10M raising Adriatic Metals closes $10M raising

Rupice area in Bosnia

The A55c placement was supported by new and existing domestic and international institutional investors and is a big show of support for the relatively new company, which has seen some promising early