Core Viewpoint - Adelayde Exploration Inc. is initiating a private placement to fund a gold drill program in Esmeralda County, Nevada, leveraging the Investment Dealer Exemption to enhance its capital position amid rising gold prices [1][2][3]. Group 1: Private Placement Details - The company plans to raise gross proceeds of up to $1 million through the issuance of up to 20 million units at a price of $0.05 per unit, with each unit consisting of one common share and one transferable share purchase warrant [4]. - Each warrant will allow the holder to acquire an additional share at a price of $0.075 until five years from the closing of the financing [4]. - The net proceeds will be allocated towards general working capital, and finder’s fees may be paid to eligible finders [4]. Group 2: Strategic Context - With gold prices at record highs and only 29 million shares outstanding, the company views this as an optimal time to advance its gold project in Nevada, a leading jurisdiction for gold and silver mining [2][3]. - The company is also pursuing activities in its Tungsten project in New Brunswick and the Perron-East Gold Project in Quebec, which has shown significantly enhanced economics with a post-tax IRR of 70.1% and a post-tax NPV of C$1.085 billion at US$2,500/oz gold [3]. - Adelayde's current market capitalization is under $2 million, indicating that exploration success could lead to a substantial re-rating of its valuation [3]. Group 3: Company Overview - Adelayde Exploration Inc. holds multiple projects, including three lithium projects in Clayton Valley, Nevada, and a gold project in Esmeralda County, Nevada [6][7]. - The company’s lithium projects include the McGee lithium clay deposit, the Elon lithium brine project, and the Green Clay lithium project, alongside other mineral projects in New Brunswick [6][7].