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Adamera Minerals Announces Non-Brokered Private Placement Financing
(via Thenewswire.ca) Vancouver, British Columbia / TheNewswire / June 15,...
About this update from Adamera Minerals Corp.
[{"type":"text","content":"Adamera Minerals Announces Non-Brokered Private Placement Financing(via Thenewswire.ca)\n \n \nVancouver, British Columbia / TheNewswire / 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.\n\n\n \nThe 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.\n\n\n \nThe 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. \n\n\n \n\nAdamera 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.\n\n \n \nOn behalf of the Board of Directors,\n\n \n \nMark Kolebaba\n\n\n \nPresident & CEO\n\n \n \nFor additional information please contact:\n\n \n \nTel: (604) 689-2010 \n\n\n \nFax: (604) 484-7143 \n\n\n \nEmail: [email protected] \n\n\n \nWebsite...