Adamera Minerals Corp.: Announces Financing
Vancouver, Dec. 5, 2023 - Adamera Minerals Corp. (TSXV:ADZ) (OTC:DDNFF) announces a non-brokered non-flow-through financing of 4,000,000 units at $0.05 per unit for gross proceeds of $200,000. Each unit is priced at $0.05 and will consist of one common share and one common share non-transferable warrant, with each warrant entitling the holder to purchase one common share at a price of $0.10 for a period of two years. The securities issued pursuant to the private placement will be subject to a four-month hold period. Insiders will likely participate in this financing. The Company intends to use the proceeds from the financing for exploration work and corporate operations.
The financing 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.
About Adamera
Adamera Minerals Corp. is exploring for a high-grade gold deposit near Republic Washington. This area has reportedly produced 8 million ounces of gold. Adamera is the dominant regional explorer in the area.
On behalf of the Board of Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Email: info@Adamera.com
Website: www.Adamera.com
Phone: (604) 689-2010
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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