(TheNewswire)
Vancouver, British Columbia – TheNewswire - April 21, 2023 - Adamera Minerals Corp. (TSXV:ADZ ) ; ( OTC:DDNFF) announces anon-brokered private placement of 6,700,000 units for $335,000. Eachunit is priced at $0.05 and will consist of one common share and onehalf of one common share non-transferable warrant, with each warrantentitling the holder to purchase one common share at a price of $0.10for a period of two years.
The warrants will be subject to an accelerated expiry date, whichcomes into effect when the price of the Company's common shares on theTSX Venture Exchange closes at a price of $0.20 or more per shareduring any ten consecutive trading day period, commencing four monthsplus one day after the date of issuance of the warrants. In such anevent, the expiry date may be accelerated to a date that is 30 daysafter the Company’s shares trade for ten consecutive days at orabove $0.20.
The securities issued pursuant to the private placement will besubject to a four month hold period. No finder’s fee will be paidfor this financing. The Company intends to use the net proceeds fromthe private placement for exploration and corporate operations.
The financing is subject to certain conditions including, but notlimited to, the receipt of all necessary approvals including theapproval and acceptance by the TSX Venture Exchange.
About Adamera
Adamera Minerals Corp. is exploring for a high-grade gold deposit nearRepublic Washington. This area has reportedly produced 8 millionounces of gold. Adamera is the dominant 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
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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