Adamera Minerals Corp.

Published : June 15th, 2016

Adamera Minerals Announces Non-Brokered Private Placement Financing

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Keywords :   Georgia | Gold |

Adamera Minerals Announces Non-Brokered Private Placement Financing

Vancouver, British Columbia, June 15, 2016 -- Adamera Minerals Corp.
(TSXV: ADZ) proposes to conduct a non-brokered private placement of up to 12 million units at a price of $0.05 per unit for aggregate gross proceeds of up to $600,000. Each unit will consist of one common share and one non-transferable warrant, with each warrant entitling the holder to purchase one common share at a price of $0.10 for a period of 18 months following the closing date. The warrants are subject to an accelerated expiry date, which comes into effect when the price of the Company's common shares on the TSX Venture Exchange closes at a price of $0.20 or more per share during any ten consecutive trading day period, commencing four months plus one day after the date of issuance of the warrants. In such an event, the expiry date will be accelerated to a date that is 30 days after Adamera issues a news release announcing it has elected to exercise this acceleration right.

The securities issued pursuant to the private placement will be subject to a four month hold period from the closing date. The Company may pay a finders' fee in connection with the private placement, subject to compliance with the policies of the Exchange. Completion of the private placement and the payment of any finders' fee remain subject to the receipt of all necessary regulatory approvals, including the approval of the Exchange.

The proceeds of the private placement will be used for exploration and development of the Company's mineral properties, as well as for general working capital purposes.

Adamera Minerals Corp. is exploring for high-grade gold deposits within hauling distance of the operating Kettle River Mill in Northeastern Washington State. The company's strategy is to fast-track the discovery to production process by exploring close to a mill in need of ore. Adamera is exploring several projects with a goal to become the dominant mining/exploration company in the area through discovery.

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: [email protected]

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

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Adamera Minerals Corp.

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Adamera Minerals is a exploration company based in Canada.

Adamera Minerals is listed in Canada. Its market capitalisation is CA$ 6.3 millions as of today (US$ 5.0 millions, € 4.4 millions).

Its stock quote reached its highest recent level on May 05, 2017 at CA$ 0.24, and its lowest recent point on November 22, 2019 at CA$ 0.02.

Adamera Minerals has 104 750 000 shares outstanding.

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8/24/2016Adamera Minerals Starts Work Program on Lambert Creek Proper...
Corporate news of Adamera Minerals Corp.
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7/28/2016$360,000 Top-up to Adamera's Treasury as Warrants are Exerci...
7/7/2016Adamera Announces Shares for Debt Settlement has Completed
6/27/2016Adamera Minerals' CEO Mark Kolebaba Interviewed by The Gold ...
6/20/2016Adamera Minerals Closes Non-Brokered Financing
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