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Karanovic & Partners Advises Tethyan Resource Corp on Acquisition of 10% Stake in EFPP

Karanovic & Partners Advises Tethyan Resource Corp on Acquisition of 10% Stake in EFPP

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Karanovic & Partners has advised Canadian precious and base metals exploration company Tethyan Resource Corp on its acquisition of ten percent of the shares and management control over the of the Serbian geological company EFPP. NKO Partners advised EFPP on the deal.

According to Karanovic & Partners, "with this move, Tethyan secured the exclusive right to purchase the remaining 90% of the shares at some point in the next 12 months. With EFPP being the holder of two exploration licenses over former silver-zinc-lead mines Kizevak and Sastavci in Serbia’s Southwestern district of Raska, Tethyan plans to begin drilling in Kizevak in early June."

Karanovic & Partners team was led by Partner Petar Mitrovic and included Junior Associate Katarina Tomic.

NKO Partners's team was led by Partner Djuro Otasevic.

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