ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

ADZ Adamera Minerals Corp

0.145
0.00 (0.00%)
28 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Adamera Minerals Corp TSXV:ADZ TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.145 0.12 0.18 0 19:52:51

Adamera Minerals Announces Financing

11/06/2013 2:30pm

Access Wire


Vancouver, BC, June 11, 2013 - Adamera Minerals Corp. (TSX V:ADZ) announces that it intends to complete a non-brokered private placement of up to 5,000,000 common shares priced at $0.06 per share, for total gross proceeds of up to $300,000. Each unit will consist of one common share and one share purchase warrant. Each such common share purchase warrant will be exercisable into one common share for a period of four years from closing at a price of $0.10 cents per share. Net proceeds of the offering will be used for exploration activities such as drilling and trenching on the Company's projects including the Poland China project in Washington State which recently yielded assays between 4 g/t and 16 g/t gold (See news release dated June 5, 2013).

Forced Exercise Provision: If the closing price for the Company's shares are $0.20 or greater for a period of 10 consecutive trading days, the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day.

Finders will be entitled to a commission in the amount of 5.0% of the gross proceeds received from the sale of shares, payable in shares.

The private placement 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. All securities to be issued pursuant to the private placement will be subject to a four-month hold period.

About Adamera

Adamera's strategy in Washington State is to cost effectively discover high-grade gold mineralization within historic mining districts near established infrastructure. Specifically, the company is targeting areas near the Kinross Kettle River Mill. The Kinross mill is reported to be operating at half capacity with ore shipped 70 kilometres from the 1.3 million ounce Buckhorn mine. The Buckhorn mine has only 3-4 years mine life remaining. Average grade of the Buckhorn mine is 11.3 g/t gold and production costs are reported to be between $400 and $500 per ounce. Adamera is determined to discover a high grade gold deposit within shipping distance to the Kinross Mill.

On behalf of the Board of Directors,

Mark Kolebaba

President & CEO

For additional information please contact:

Heather Kays

Manager, Corporate Communications

Tel: (604) 689-2010

Fax: (604) 484-7143

Email: info@Adamera.com

Website: www.Adamera.com

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.

Not for dissemination in the United States or through U.S. newswires

1 Year Adamera Minerals Chart

1 Year Adamera Minerals Chart

1 Month Adamera Minerals Chart

1 Month Adamera Minerals Chart

Your Recent History

Delayed Upgrade Clock