Core Viewpoint - Adamera Minerals Corp. has successfully closed the hard dollar portion of its private placement, raising a total of $1,001,000 from the sale of Units, in addition to $253,500 raised in a previous flow-through financing [1][2]. Financing Details - The Company raised $1,001,000 by selling 18,200,000 Units at a price of $0.055 per Unit, with each Unit consisting of one common share and one common share purchase warrant [2]. - Each warrant is exercisable at a price of $0.12 for three years, with an accelerated expiry provision if the market price exceeds $0.16 for 10 consecutive trading days [2]. Securities and Regulations - All securities are subject to a four-month hold, expiring on May 31, 2026, and no finder's fee was paid for this financing [3]. - Two directors of the Company acquired a total of 742,013 Units, which is classified as a related party transaction under TSX Venture Exchange Policy 5.9 and MI 61-101 [4]. Company Overview - Adamera Minerals Corp. focuses on exploring high-grade gold, silver, and copper deposits in Washington State and British Columbia, holding numerous drill-ready targets in areas with past producing mines [5].
Adamera Closes $1,001,000 Hard Dollar Private Placement