Adelayde Announces Flow-Through and Non-Flow-Through Private Placements

Core Points - Adelayde Exploration Inc. is conducting a non-brokered flow-through private placement to raise up to $1,000,000 at a price of $0.13 per unit and a non-flow-through private placement to raise up to $1,500,000 at a price of $0.10 per unit [1] - The flow-through units will consist of one flow-through common share and one transferable share purchase warrant, while the non-flow-through units will consist of one common share and one transferable share purchase warrant [1] - Proceeds from the flow-through shares will be allocated to the company's existing properties in Canada, while net proceeds from the non-flow-through private placement will be used for general working capital [1] Financial Details - The flow-through private placement aims to raise $1,000,000, while the non-flow-through private placement targets $1,500,000 [1] - Each flow-through unit includes a warrant to purchase a non-flow-through common share at $0.25 for two years, and each non-flow-through unit includes a warrant to purchase a common share at $0.20 for five years [1] Regulatory Information - All securities issued in connection with the private placements will be subject to a statutory hold period of four months and one day after closing [1] - Finder's fees may be paid to eligible finders in connection with the private placements [1]