Adamera Minerals Announces Non-Brokered Financing
posted on
Jan 30, 2015 01:32PM
High Grade GOLD and SILVER Exploration in Washington State
tnw
(via Thenewswire.ca)
Vancouver, British Columbia /
TheNewswire /
January 30, 2015 - Adamera Minerals Corp. (TSX-V:ADZ)
(the "
Company
" or
"Adamera Minerals"
) announces
a non-brokered private placement
of up to 6,000,000 units at a price of $0.05 per unit. Each unit will consist of one common share and one non-transferable share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share exercisable for a period of two years following the closing of the private placement at a price of $0.10 per warrant share.
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.
The Company may pay a finder's fee in connection with the financing.
The Company intends to use the net proceeds from the private placement for general working capital and exploration on our Washington State properties.
About Adamera
Adamera Minerals Corp. is exploring for high-grade gold deposits within hauling distance of the operating Kettle River Mill in Northeastern Washington State. The company's strategy is to fast-track the discovery to production process by exploring close to a mill in need of ore. Adamera is exploring several projects with a goal to become the dominant mining/exploration company in the area through discovery.
On beha
lf 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