ADZ:CC - Adamera to Consolidate Common Shares
(TheNewswire)
Vancouver, British Columbia, June 10,2024 – TheNewswire – Adamera Minerals Corp. (TSX-V: ADZ; OTC:DDNFF) announces that a proposed shareconsolidation was approved by its shareholders at the Company’sAnnual General Meeting held on June 5, 2024. The Company has sincemade the required submissions to the TSX Venture Exchange (TSX-V) toproceed with a share consolidation on the basis of ten (10) existingshares to one (1) new common share (the“ Consolidation ”).
As a result of theConsolidation, the Company’s issued share capital will be reducedfrom 238,302,928 shares to approximately 23,830,293 sharespost-consolidation. Resulting share fractions less than one-half of ashare, shall be cancelled, and fractions of at least one-half of ashare, shall be rounded up to one whole share.
The Company’s namewill remain unchanged following the Consolidation.Adamera’s shares will commence trading on theTSX-V on a consolidated basis at the opening of trading on June 13,2024 under the trading symbol ADZ and in the USAon the OTC as DDNFF . The Company’s new CUSIPwill be 00547Y204 (ISIN: CA00547Y2042).
Upon completion of the Consolidation, which is subjectto TSX-V approval, Adamera will pursue certain financing optionsavailable to the Company.
About Adamera
Adamera Minerals Corp. is exploring for a high-gradegold deposit near Republic Washington. This area has reportedlyproduced 8 million ounces of gold averaging 14.5 g/t. Adamera is thedominant regional explorer in the area.
On behalf of the Board of Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Email: info@Adamera.com
Website: www.Adamera.com
Phone: (604) 689-2010
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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