Mr. Mark Kolebaba reports
ADAMERA ANNOUNCES FINANCING
Adamera Minerals Corp. has arranged a non-brokered, non-flow-through financing of four million units at five cents per unit for gross proceeds of $200,000. Each unit is priced at five cents and will consist of one common share and one 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 securities issued pursuant to the private placement will be subject to a four-month hold period. Insiders will likely participate in this financing. The company intends to use the proceeds from the financing for exploration work and corporate operations.
The financing is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
About Adamera Minerals Corp.
Adamera Minerals 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.
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