Karanovic & Partners has advised precious and base metals explorer Adriatic Metals on the acquisition of the remaining 90% of the shares in Ras Metals, which holds exploration licenses for former silver-zinc-lead mines Kizevak and Sastavci, from Bulgaria-based Cuprum LTD and an unidentified Serbian individual. NKO Partners advised the sellers on the deal.
Karanovic & Partners had advised Adriatic Metals last year on the acquisition by its Tethyan Resource Corp subsidiary if a 10% share in Ras Metals from Serbian geological company EFPP, which was advised by NKO Partners (as reported by CEE Legal Matters, on May 27, 2020)
Karanovic & Partners team included Partner Petar Mitrovic and Associate Katarina Tomic.
NKO Partners's team was led by Partner Djuro Otasevic and Senior Associate Vojin Babovic.