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Enter Symbol
or Name
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CA



Adamera Minerals Corp
Symbol ADZ
Shares Issued 51,696,668
Close 2015-05-26 C$ 0.035
Market Cap C$ 1,809,383
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Adamera Minerals sells Amaruk data to Churchill

2015-05-28 09:41 ET - News Release

Mr. Mark Kolebaba reports

ADAMERA COMPLETES SALE OF DIAMOND DATA

Adamera Minerals Corp. has sold diamond data for the Amaruk diamond property in Nunavut, Canada, to Churchill Diamonds.

Under the terms of the sale, Adamera receives $100,000 cash, one million shares of Churchill Diamonds and a 2-per-cent gross overriding royalty. One-half of the 2-per-cent royalty may be purchased by Churchill Diamonds for $1-million.

"These deals are great for Adamera as they are non-dilutive, increasing funds in the treasury while maintaining share structure. This is one of many assets that Adamera continues to hold in Nunavut or Northwest Territories, including an NI 43-101-compliant uranium resource as well as advanced gold and base metals projects," said Mark Kolebaba, president and chief executive officer of Adamera Minerals.

As Adamera is focused in Washington state, the northern assets are considered non-core assets and are for sale or joint venture.

We seek Safe Harbor.

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