20:26:19 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Adamera Minerals Corp
Symbol ADZ
Shares Issued 229,472,928
Close 2023-10-18 C$ 0.04
Market Cap C$ 9,178,917
Recent Sedar Documents

Adamera Minerals arranges private placement

2023-10-18 19:17 ET - News Release

Mr. Mark Kolebaba reports

ADAMERA ANNOUNCES FINANCING

Adamera Minerals Corp. has arranged a non-brokered non-flow-through financing of five million units for $250,000 and a flow-through financing for 1.16 million shares for $58,000. Each non-flow-through unit is priced at five cents and will consist of one common share and one common share non-transferable warrant, with each warrant entitling the holder to purchase one common share at a price of five cennts for a period of three years. Each flow-through share is priced at five 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. Insiders will participate $40,000 in flow-through financing. The company intends to use the proceeds from the flow-through financing for exploration work on the South Hedley project in southeastern British Columbia and use the proceeds from the non-flow-through financing for exploration outside of British Columbia 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 Minerals is exploring for a high-grade gold deposit near Republic Washington. 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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