Adriatic Metals to be bought by Dundee Precious Metals in cash+shares deal

  • Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) has now announced it will be bought by Canadian miner Dundee Precious Metals in a deal worth US$1.25bn Shareholders in the AIM-quoted firm are set to receive a combination of cash and shares – 93p and 0.159 new Dundee shares for each Adriatic share they own. In May, Adriatic confirmed media speculation that it was in talks with Dundee.