Tethyan Resource Corp. (TSXV:TETH) entered into an arm’s length agreement to acquire 10% stake in Two Exploration Licences Overkizevak and Sastavci Silver-Zinc-Lead Mines in Serbia for €0.63 million on April 1, 2020. The transaction consideration will be paid in cash. The transaction will be financed from a €1.3 million convertible loan from Adriatic Metals. Upon completion of the transaction, Tethyan will have a 12 month period in which to decide, in its sole discretion, whether to proceed to a ‘Second Closing’ when Tethyan has the right to acquire the remaining 90% of the remaining shares. The transaction is subject to satisfactory due diligence and TSX acceptance and is expected to complete on April 15, 2020. Petar Mitrovic of Karanovic & Nikolic acted as legal advisor to Tethyan Resource and Djuro Otasevic of NKO Partners acted as legal advisor to EFPP, holding company of two Exploration Licences Overkizevak and Sastavci Silver-Zinc-Lead Mines in Serbia. Tethyan Resource Corp. (TSXV:TETH) completed the acquisition of a 10% stake in Two Exploration Licences Overkizevak and Sastavci Silver-Zinc-Lead Mines in Serbia on May 14, 2020.