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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Adriatic Metals Plc | LSE:ADT1 | London | Ordinary Share | GB00BL0L5G04 | ORD 1.3355P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.00 | 1.26% | 241.50 | 242.00 | 242.50 | 245.00 | 240.00 | 240.00 | 72,244 | 16:35:24 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Lead And Zinc Ores | 0 | -28.93M | -0.0988 | -46.76 | 1.35B |
TIDMADT1
RNS Number : 8008J
Adriatic Metals PLC
24 December 2020
Adriatic Metals PLC
("Adriatic Metals" or the "Company")
ISSUE OF SECURITIES TO SANDFIRE RESOURCES LIMITED
Adriatic Metals PLC (ASX:ADT, LSE:ADT1) advises that it has completed the issue and allotment of 4,830,156 new Ordinary Shares in the form of Chess Depository Interests (CDIs) in the capital of the Company to Sandfire Resources Limited for proceeds of A$8,649,360.35. The issue comprises the Settlement Placement as announced on 3 November 2020 under the terms of the Deed of Settlement and Release between the Company and Sandfire Resources Limited.
A Cleansing Notice and Appendix 2A (Application for quotation of securities) has today been filed with the Australian Securities Exchange (ASX) and is available on the Company's website:
https://www.adriaticmetals.com/investors/asx-announcements/
** ENDS **
MARKET ABUSE REGULATION DISCLOSURE
The information contained within this announcement is deemed by the Company (LEI: 549300OHAH2GL1DP0L61) to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. The person responsible for arranging and authorising the release of this announcement on behalf of the Company is Paul Cronin, Managing Director and CEO.
For further information please visit www.adriaticmetals.com , @AdriaticMetals on Twitter, or contact:
Adriatic Metals PLC Paul Cronin / Emma Chetwynd Stapylton Tel: +44 (0) 203 950 9138 Tavistock Communications Limited Charles Vivian Tel: +44 (0) 7977 297903 Edward Lee Tel: +44 (0) 7736 220565 Gareth Tredway Tel: +44 (0) 7785 974264 The Capital Network Julia Maguire/Lelde Smits Tel: +61 2 8999 3699
ABOUT ADRIATIC METALS
Adriatic Metals Plc (ASX:ADT, LSE:ADT1) is a precious and base metals explorer and developer that owns the world-class Vares Silver Project in Bosnia & Herzegovina and holds licences across the Raska District in Serbia.
The Vares project's captivating economics and impressive resource inventory have attracted Adriatic's highly experienced team, which is expediting exploration efforts to expand the current JORC resource. Results of a recent pre-feasibility study announced on 15 October 2020 indicate a post-tax NPV(8) of US$1,040 million and IRR of 113%. Leveraging its first-mover advantage, Adriatic is rapidly advancing the project into the development phase and through to production with significant cornerstone investment of US$28 million from Queen's Road Capital Investment and European Bank for Reconstruction and Development .
There have been no material changes to the assumptions underpinning the forecast financial information derived from the production target in the 15 October 2020 announcement and these assumptions continue to apply. There have been no material changes to the assumptions and technical parameters on the updated Mineral Resource Estimate announced on 1 September 2020 and these assumptions continue to apply.
Adriatic Metals acquired TSX-listed Tethyan Resource Corp in 2020, to advance the former Kizevak and Sastavci polymetallic mines in the Raska District, southern Serbia.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
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(END) Dow Jones Newswires
December 24, 2020 02:00 ET (07:00 GMT)
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