Adriatic closes $10M raising

BOSNIA-focused metal hunter Adriatic Metals has wrapped up a A$10 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 closes $10M raising Adriatic closes $10M raising Adriatic closes $10M raising Adriatic closes $10M raising Adriatic closes $10M raising
The 55c 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

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