Mr. Mark Kolebaba reports
ADAMERA FINANCING
Adamera Minerals Corp. has amended the terms of its non-brokered private placement previously announced on June 18, 2024. The private placement will now consist of up to 3.3 million units at a price of 15 cents per unit for gross proceeds of up to $500,000. Each unit will consist of one common share of the company and one share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at a price of 20 cents for a period of five years from the date of closing of the private placement. If the shares of the company trade at price of 30 cents or above for 10 or more consecutive days during the five-year period, warrant holders will have 30 days to exercise the warrant.
The company intends to use the net proceeds of the private placement for exploration work on its gold properties and for general working capital. The shares associated with this private placement are subject to a statutory hold period of four months and a day from the closing date of the private placement. The private placement is subject to regulatory approval.
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 averaging 14.5 grams per tonne. Adamera is the dominant regional explorer in the area.
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