02:15:49 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Adamera Minerals Corp
Symbol ADZ
Shares Issued 222,772,928
Close 2023-04-21 C$ 0.04
Market Cap C$ 8,910,917
Recent Sedar Documents

Adamera arranges $335,000 private placement

2023-04-21 17:24 ET - News Release

Mr. Mark Kolebaba reports

ADAMERA ANNOUNCES FINANCING

Adamera Minerals Corp. has arranged a non-brokered private placement of 6.7 million units for $335,000. Each unit is priced at five cents, and will consist of one common share and one-half of one common share non-transferable warrant, with each warrant entitling the holder to purchase one common share at a price of 10 cents for a period of two years.

The warrants will be 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 a price of 20 cents or more per share during any 10-consecutive-trading-day period, commencing four months plus one day after the date of issuance of the warrants. In such an event, the expiry date may be accelerated to a date that is 30 days after the company's shares trade for 10 consecutive days at or above 20 cents.

The securities issued pursuant to the private placement will be subject to a four-month hold period. No finder's fee will be paid for this financing. The company intends to use the net proceeds from the private placement for exploration and corporate operations.

The financing is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval and acceptance by the TSX Venture Exchange.

About Adamera Minerals Corp.

Adamera is exploring for a high-grade gold deposit near Republic, Wash. This area has reportedly produced eight million ounces of gold. Adamera is the dominant regional explorer in the area.

We seek Safe Harbor.

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