Adamera Oversubscribes Financing to $1 Million and Adjusts Terms

Executive Summary

• Adamera Minerals announced that its hard‑dollar portion of the non‑brokered private placement has been oversubscribed and will now consist of up to 18,200,000 units at $0.055 per unit.
• Each unit includes one common share and one common‑share purchase warrant; the warrant exercise price is $0.12 and the term has been extended to three years (from two).
• Proceeds are earmarked to fund administrative and exploration expenses for the Company’s projects in Washington State and British Columbia.

Key Details

• Units Offered: Up to 18,200,000 units (oversubscribed)
• Price per Unit: $0.055
• Maximum Gross Proceeds: Approximately $1.001 million (18,200,000 × $0.055)
• Unit Composition: 1 common share + 1 common‑share purchase warrant
• Warrant Terms: Exercise price $0.12 per share; exercisable for three years from issuance (term increased from two years)
• Use of Proceeds: To cover administrative costs and exploration activities on the Company’s gold, silver, and copper projects.
• Statutory Hold Period: All securities subject to a hold period of four months and one day from issuance.
• Regulatory Conditions: Placement remains subject to approval by the TSX Venture Exchange; finder’s fees may be paid as permitted under exchange policies.

Notable Quotes

“The team at Adamera appreciates the strong support of shareholders and new investors participating in the offering… with the backdrop of high metals prices, we are excited to move these projects forward,” – Mark Kolebaba, President & CEO.