United Kingdom-based minerals explorer Adriatic Metals is seeking to raise $20 million via a two-tranche institutional placement to fund exploration and development of its Vares Project.
Canaccord Genuity, through its United States affiliation, and Tamesis Partners LLP are overseeing the deal, according to terms sent to fund managers.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
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