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Adelayde Closes Final Tranche of Private Placement Financings
TMX Newsfileยท 2025-12-19 08:01
Core Points - Adelayde Exploration Inc. has successfully closed the final tranche of its non-brokered private placement financing, raising a total of $10,000 by issuing 100,000 non-flow-through units at a price of $0.10 each [1][2] - The total financing raised by the company exceeds $2,000,000, which will support various initiatives and a robust marketing plan for the 2026 work programs [2] - The company issued a total of 17,848,078 shares from both the first and final tranches, with gross proceeds of $977,500 from non-flow-through funds and $1,049,500.14 from flow-through funds [4] Financing Details - Each non-flow-through unit consists of one common share and one transferable common share purchase warrant, allowing the holder to acquire additional shares at $0.20 for five years [2] - The company paid $800 in cash finder's fees and issued 8,000 non-transferable warrants to finders, which can also be converted into shares at the same price of $0.20 for two years [3] - Flow-through funds will be allocated to the company's existing properties in Canada, while non-flow-through funds will be used for general working capital [5]