Adelayde Announces Closing of Private Placement Financings to Fund Multiple Work Programs

Core Viewpoint - Adelayde Exploration Inc. has successfully closed a private placement financing, raising a total of $2,017,000 to fund multiple work programs in 2026 [1][2]. Financing Details - The company closed a non-brokered private placement of 9,675,000 non-flow-through units (NFT Units) at $0.10 each, generating gross proceeds of $967,500 [1]. - Additionally, 8,073,078 flow-through units (FT Units) were sold at $0.13 each, resulting in gross proceeds of $1,049,500 [1]. - The total gross proceeds from both offerings amount to $2,017,000 [1]. Unit Composition - Each NFT Unit consists of one common share and one transferable common share purchase warrant, allowing the purchase of one NFT Share at $0.20 for five years [2]. - Each FT Unit includes one flow-through common share and one NFT Share purchase warrant, permitting the purchase of one NFT Share at $0.25 for two years [2]. Finder's Fees and Warrants - The company paid cash finder's fees totaling $71,160 and issued 618,000 NFT Finder's Warrants, allowing the purchase of one NFT Share at $0.20 for two years [3]. - Additionally, 72,000 FT Finder's Warrants were issued, with the same purchase terms as the NFT Finder's Warrants [3]. - A total of 540,000 common shares were also issued as part of the finder's compensation [3]. Use of Proceeds - Proceeds from the FT Offering will be allocated to the company's existing properties in Canada, while net proceeds from the NFT Offering will support general working capital [4].