Mr. Mark Kolebaba reports
ADAMERA MINERALS REPRICES AND EXTENDS WARRANT EXPIRY DATE
Adamera Minerals Corp. is seeking approval from the TSX Venture Exchange to reprice and extend the term of certain warrants, which would otherwise expire on Feb. 28, 2019.
In total, 7.1 million warrants granted on Dec. 20, 2017, with the original exercise price of 20 cents and original expiry date of Dec. 20, 2018, and further extended to Feb. 28, 2019, are now extended to expire on Aug. 28, 2019, with each warrant entitling the holder to purchase one common share of the company at 10 cents per share. The
warrants are still subject to an accelerated expiry date, which comes into effect when the price of the company's common shares on the TSX Venture Exchange closes at 30 cents or more per share during any period of 10 consecutive trading days. In such an event, the expiry date will be accelerated to the earlier of either: (i) Aug. 28, 2019; or (ii) a date that is 30 days after the company's shares trade for 10 consecutive days at or above 30
cents.
About Adamera Minerals Corp.
Adamera Minerals is exploring for a stand-alone, high-grade gold deposit within hauling distance of an existing mill near Republic, Wash. This area has reportedly produced over six million ounces of high-grade gold. Adamera Minerals is the dominant regional explorer in the area.
We seek Safe Harbor.
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