DDNFF - Adamera Minerals Closes Oversubscribed Non-Brokered Financing
(TheNewswire)
Vancouver, British Columbia – TheNewswire - March 19, 2021 - AdameraMinerals Corp. (TSXV:ADZ) announces the closingof the financing announced on February 17, 2021 for 15,000,000 unitsfor $1,500,000. The company is closing on $1,590,000 (15,590,000units). Each unit is priced at $0.10 and consists of one common shareand one half of one common share non-transferable warrant, with eachwarrant entitling the holder to purchase one common share at a priceof $0.15 for a period of two years until March 18, 2023.
The securities issued pursuant to the private placementare subject to a four month hold period expiring on July 19, 2021. $2,750 finder’s fee in cash was paid and the Company issued 27,500finders’ warrants, with each finder’s warrant exercisable into onecommon share at $0.15 for a period of one year until March 18, 2022. Insiders participated $65,000 of this financing. The Company intends to use the net proceeds from the privateplacement for exploration and corporate operations.
The financing is subject to certain conditionsincluding, but not limited to, the receipt of all necessary approvalsincluding the final approval and acceptance by the TSX VentureExchange.
Adamera Minerals Corp. is exploring for a high-gradegold deposit near Republic Washington. This area has reportedlyproduced 8 million ounces of gold. Adamera is the dominant regionalexplorer in the area.
On behalf of the Board of Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Tel: (604) 689-2010 Fax: (604) 484-7143
Email: info@Adamera.com
Website: www.Adamera.com
The TSX Venture Exchange has notreviewed and does not accept responsibility for the adequacy oraccuracy
of this release. Statements in this press release, other than purelyhistorical information, including statements
relating to the Company’s future plans and objectives or expectedresults, may include forward-looking statements. Forward-lookingstatements are based on numerous assumptions and are subject to all ofthe risks and uncertainties inherent in resource exploration anddevelopment. As a result, actual results may vary materially fromthose described in the forward-looking statements.
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