ADZ:CC - Adamera Closes Flow-Through Financing
(TheNewswire)
Vancouver, B.C. - TheNewswire - July 21 , 2022 - Adamera Minerals Corp. (TSXV:ADZ ) ; ( OTC:DDNFF) closes the $200,000 non-brokeredflow-through financing announced on June 30, 2022 for 2,000,000 flowthrough shares (“FT Shares”) issued at $0.10 per FT Share.
No finder’s fee was paid and an insider participated $25,000 of thisfinancing. All securities from this financing has a four-month holdexpiring on November 21, 2022. The financing is subject to certain conditions including, butnot limited to, the receipt of all necessary approvals including thefinal approval and acceptance by the TSX Venture Exchange.
The fund from this flow-through financing is going to be used for workon the South Hedley Project in Southeastern British Columbia.
The South Hedley project was acquired by Adamera in 2021 and 2022 andcovers approximately 154 square kilometres of prospective land. Theproperty is located approximately 24 kilometres from the CopperMountain Mine and 7 kilometres from the past producing Mascott GoldMine which is a gold - copper deposit near Hedley BC.
On behalf of the Boardof Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Email: info@Adamera.com
Website: www.Adamera.com
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The TSX Venture Exchange has notreviewed and does not accept responsibility for the adequacy oraccuracy of this release. Statements in this press release, other thanpurely historical information, including statements relating to theCompany’s future plans and objectives or expected results, mayinclude forward-looking statements. Forward-looking statements arebased on numerous assumptions and are subject to all of the risks anduncertainties inherent in resource exploration and development. As aresult, actual results may vary materially from those described in theforward-looking statements.
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