Adelayde closes $10,000 final tranche of financing

Executive Summary

• Adelayde Exploration Inc. closed the final tranche of its non‑brokered private placement, issuing 100,000 non‑flow‑through units at $0.10 each for gross proceeds of $10,000.
• The total financing to date now amounts to approximately $2 million in aggregate gross proceeds ($977,500 non‑flow‑through + $1,049,500.14 flow‑through).
• Proceeds will be allocated to existing Canadian properties (flow‑through) and general working capital (non‑flow‑through), supporting the 2026 work program.

Key Details

• Units Issued: 100,000 non‑flow‑through units @ $0.10 per unit → $10,000 gross proceeds for this tranche.
• Unit Composition: Each unit = 1 non‑flow‑through common share + 1 transferable common share purchase warrant (exercise price $0.20, five‑year term).
• Finder’s Fees Paid: $800 cash; also issued 8,000 non‑transferable finder warrants (exercise price $0.20, two‑year term).
• Statutory Hold Period: All securities subject to a hold period expiring four months and one day after closing date.
• Cumulative Financing:
• Non‑flow‑through gross proceeds: $977,500
• Flow‑through gross proceeds: $1,049,500.14
• Total shares issued across both tranches: 17,848,078
• Use of Proceeds:
• Flow‑through funds → existing Canadian properties (exploration/development).
• Non‑flow‑through funds → general working capital for the company.
• Qualified Person: Technical disclosure reviewed and approved by Frank Bain, P.Geo., director and NI 43‑101 qualified person.

Notable Quotes

“We would like to thank our shareholders and subscribers for your continued support. We have successfully closed over $2‑million in financing, providing us with the resources to be very active on multiple fronts with a robust marketing plan throughout the 2026 work programs.” – James Nelson, President, Adelayde Exploration Inc.