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Adamera Minerals Corp.

Publié le 05 janvier 2016

Adamera Minerals Announces Non-Brokered Financing

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Adamera Minerals Announces Non-Brokered Financing

Not for dissemination in the United States or through U.S. newswires


Vancouver, British Columbia, January 5, 2016 - Adamera Minerals Corp. (TSX-V:ADZ)
announces a non-brokered private placement of up to 14,000,000 units at a price of $0.025 per unit. Each unit will consist of one common share and one non-transferable share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share exercisable for a period of 5 years following the closing of the private placement at a price of $0.05 per warrant share.

The private placement is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval and acceptance by the TSX Venture Exchange.

The Company intends to use the net proceeds from the private placement for general working capital and exploration on our Washington State properties.

General Administration for 9-10 months $254,250
Land holding costs $15,000
Unpaid wages and expenses $20,000
Exploration $70,000
TOTAL Financing $359,250
Included in the General Administration costs is a monthly expense of $6,000 for wages and consulting fees that may be paid to two related parties. A portion of unpaid wages and expenses will be paid to a related party.

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]
Website: www.Adamera.com

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.

CODE : ADZ.V
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Adamera Minerals est une société d’exploration minière basée au Canada.

Adamera Minerals est cotée au Canada. Sa capitalisation boursière aujourd'hui est 1,6 millions CA$ (1,1 millions US$, 1,1 millions €).

La valeur de son action a atteint son plus haut niveau récent le 05 mai 2017 à 0,24 CA$, et son plus bas niveau récent le 30 avril 2024 à 0,02 CA$.

Adamera Minerals possède 104 750 000 actions en circulation.

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03/08/2016Adamera Minerals initiates 2016 Exploration Program at Overs...
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07/07/2016Adamera Announces Shares for Debt Settlement has Completed
27/06/2016Adamera Minerals' CEO Mark Kolebaba Interviewed by The Gold ...
20/06/2016Adamera Minerals Closes Non-Brokered Financing
15/06/2016Adamera Minerals Announces Non-Brokered Private Placement Fi...
09/06/2016Adamera Defines High Priority Target Near Overlook Deposit
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27/01/2016Adamera Amends Warrants
27/01/2016Adamera Closes First Tranche of Non-Brokered Private Placeme...
05/01/2016Adamera Minerals Announces Non-Brokered Financing
30/12/2015Adamera Minerals Corporation - 2015 Year End Update
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