Business
Adelayde Announces Investment Dealer Exemption to Private Placement to Fund Gold Drill Program in Esmeralda County, Nevada
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2025) - Adelayde Exploration Inc. (CSE: ADDY) (OTCID: SPMTF) (WKN: A41AGV) (the "Company" or "Adelayde") wishes to announce that a private placement to fund its planned gold drill program in Esmeralda County, Nevada will also include the Investment Dealer Exemption.James Nelson, President of Adelayde commented, "With gold prices reaching record highs and fewer than 29 million shares currently outstanding, we believe this is an ideal...
About this update from Adelayde Exploration Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - September 11, 2025) - Adelayde Exploration Inc. (CSE: ADDY) (OTCID: SPMTF) (WKN: A41AGV) (the "Company" or "Adelayde") wishes to announce that a private placement to fund its planned gold drill program in Esmeralda County, Nevada will also include the Investment Dealer Exemption.","length":377,"tagName":"p"},{"type":"text","content":"James Nelson, President of Adelayde commented, "With gold prices reaching record highs and fewer than 29 million shares currently outstanding, we believe this is an ideal time to launch a drill program on our gold project in Esmeralda County, Nevada. Nevada continues to rank among the world's top jurisdictions for gold and silver mining, making it a strategic location for exploration.","length":396,"tagName":"p"},{"type":"text","content":"The funds from this financing will significantly strengthen our working capital position, providing us with greater flexibility to allocate resources efficiently across our portfolio and to ramp up our marketing efforts. Beyond Nevada, we also expect to be active on our Tungsten project in New Brunswick, which directly borders Northcliff Resources Ltd, a company that recently (August 7, 2025) secured approximately $29 million in combined funding from the U.S. Department of Defense and the Canadian government to advance their project. Additionally, we are advancing our Perron-East Gold Project in Quebec, located in close proximity to Amex Exploration's deposit, which was recently updated to reflect significantly enhanced economics, including a post-tax IRR of 70.1% and a post-tax NPV of C$1.085 billion at US$2,500/oz gold (September 4, 2025). With Adelayde's market capitalization currently under $2 million, any exploration success, whether in Nevada, New Brunswick, or Quebec has the potential to deliver a meaningful re-rating of our valuation."","length":1072,"tagName":"p"},{"type":"text","content":"In addition to other prospectus exemptions commonly relied on in private placements, the Company will also make the private placement available to certain subscribers pursuant to BC Instrument 45-536 – Exemption from Prospectus Requirement for Certain Distributions Through an Investment Dealer (the "Investment Dealer Exemption"). In a...