Business
Adelayde Closes Final Tranche of Private Placement Financings
Vancouver, British Columbia--(Newsfile Corp. - December 19, 2025) - Adelayde Exploration Inc. (CSE: ADDY) (OTCID: SPMTF) (WKN: A41AGV) (the "Company" or "Adelayde") is pleased to announce that, further to its news releases dated November 12, 2025, and December 5, 2025, it has closed the final tranche of its non-brokered private placement financing. In this final tranche, the Company issued 100,000 non-flow-through units (each, a "NFT Unit") at a price of $0.10 per NFT Unit, for gross proceeds of
About this update from Adelayde Exploration Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 19, 2025) - Adelayde Exploration Inc. (CSE: ADDY) (OTCID: SPMTF) (WKN: A41AGV) (the "Company" or "Adelayde") is pleased to announce that, further to its news releases dated November 12, 2025, and December 5, 2025, it has closed the final tranche of its non-brokered private placement financing. In this final tranche, the Company issued 100,000 non-flow-through units (each, a "NFT Unit") at a price of $0.10 per NFT Unit, for gross proceeds of $10,000.","length":554,"tagName":"p"},{"type":"text","content":"James Nelson, President of Adelayde, stated, "We would like to thank our shareholders and subscribers for your continued support. We have successfully closed over $2,000,000 in financing, providing us with the resources to be very active on multiple fronts with a robust marketing plan throughout the 2026 work programs."","length":331,"tagName":"p"},{"type":"text","content":"Each NFT Unit consists of one non-flow-through common share (each, a "NFT Share") and one transferable common share purchase warrant (each, a "NFT Warrant"), with each NFT Warrant entitling the holder to acquire one NFT Share (each, a "NFT Warrant Share") at a price of $0.20 per NFT Warrant Share for a period of five years from the closing of this tranche.","length":388,"tagName":"p"},{"type":"text","content":"In connection with the closing of this tranche (the "Closing"), the Company paid aggregate cash finder's fees of $800, and issued 8,000 non-transferable NFT Share purchase warrants (each, a "NFT Finder's Warrant"), with each NFT Finder's Warrant entitling the holder thereof to acquire one NFT Share (each, a "NFT Finder's Warrant Share") at a price of $0.20 per NFT Finder's Warrant Share for a period of two years from the date of Closing.","length":491,"tagName":"p"},{"type":"text","content":"All securities issued in connection with this tranche are subject to a statutory hold period expiring four months and one day after the date of Closing.","length":152,"tagName":"p"},{"type":"text","content":"The Company has closed total aggregate gross proceeds of $977,500 in non-flow-through funds and $1,049,500.14 in flow-through funds from the sale of the first tranche and the...