Business
Adamera to Raise Over $700,000 for Exploration including Drilling on Gold Project in Washington State
(TheNewswire) Vancouver, British Columbia – October 9, 2025 – TheNews...
About this update from Adamera Minerals Corp.
[{"type":"text","content":"Adamera to Raise Over $700,000 for Exploration including Drilling on Gold Project in Washington State\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, British\nColumbia – October 9, 2025\n \n\n –\n \n\n TheNewswire -\n \n\n Adamera Minerals Corp.\n(TSX-V: ADZ; OTC: DDNFF) (\"Adamera\" or the\n\"Company\") is pleased to announce a non-brokered private\nplacement financing to raise gross proceeds of up to $724,000 through\nthe issuance of both Share Units and Flow-Through Share Units. The\nfinancing will fund near-term exploration drilling on the Company’s\nFlag Hill South gold and silver property in Washington State project.\nIn addition, it will fund on-going systematic exploration on its’\nSouth Hedley gold and gold-copper project in southern British\nColumbia.\n \n\n\n\n \"This financing provides\nAdamera with the ability to advance drilling on our high-grade gold\ntargets in Washington State, while continuing systematic exploration\non our South Hedley gold-copper prospects in B.C.,\"\n \n\n said Mark Kolebaba, President and CEO of Adamera\nMinerals.\n \n\n\n\n The financing will consist of two components:\n \n\n\n\n\n\n Up to 5,600,000 Units will be issued at a price of\n$0.09 per Unit for gross proceeds of $504,000.\n \n\n\n\n Each unit will consist of one\ncommon share and one common share purchase warrant. Each warrant will\nbe exercisable at a price of\n \n\n $0.15\n \n\n for a period of\n \n\n two years\n \n\n from the\ndate of issuance. Planned use of proceeds from the unit financing\nincludes working capital and exploration drilling on the Company’s\ngold projects in Washington State, USA.\n \n\n If the\nclosing market price of the Company's common shares on the TSX\nVenture Exchange (the “Exchange”) is $0.20 or more over a period\nof 10 consecutive trading days at any time after the date that is four\nmonths and one day after the respective closing, the warrants will\nexpire on the 30th day (the \"Accelerated Expiry Date\") after\nthe 10 consecutive trading days at or above $0.20 unless exercised by\nthe holder on or before the Accelerated Expiry Date (the\n“Accelerated Provision”).\n \n\n\n\n\n\n\n Up to 2,000,000 flow-through units (“FT Units”)\nwill be issued at a price of $0.11 per unit for gross proc...