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ADZ Adamera Minerals Corp

0.26
0.01 (4.00%)
Last Updated: 20:40:39
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
  0.01 4.00% 0.26 0.255 0.275 0.26 0.20 0.25 24,600 20:40:39

Adamera Minerals Announces Non-Brokered Private Placement Financing

23/01/2014 2:01pm

Access Wire


Vancouver, BC, January 23, 2014 - Adamera Minerals Corp. (TSX V:ADZ) announces that it intends to complete a non-brokered private placement of up to 5,000,000 units 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 share purchase warrant will be exercisable into one common share for a period of two 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 and for company operations. Specifically, Adamera intends to drill targets on 4 of its 5 key projects in Washington State with these funds.

Finders will be entitled to a fee 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 is exploring for high-grade gold near an operating mill in Washington State owned by Kinross Gold Corp. The 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 is a high grade; low cost producer with only 2 years mine-life remaining. Adamera is currently exploring five projects with high-grade gold potential within hauling distance of the Mill.

On behalf of the Board of Directors,

Mark Kolebaba

President & CEO

For additional information please contact:

Heather Kays

Manager, Corporate Communications

Tel: (604) 484-7120

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

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