Adelayde closes financing of non-FT, FT units

Executive Summary

• Adelayde Exploration Inc. closed a non‑brokered private placement raising approximately $2.02 million through the issuance of both non‑flow‑through and flow‑through units.
• The financing includes warrants attached to each unit, providing future equity upside for investors.
• Proceeds will fund existing Canadian properties (flow‑through portion) and general working capital (non‑flow‑through portion).

Key Details

• Units Sold – Non‑Flow‑Through: 9,675,000 units at $0.10 per unit → gross proceeds $967,500.
• Units Sold – Flow‑Through: 8,073,078 units at $0.13 per unit → gross proceeds $1,049,500.
• Total Gross Proceeds: Approximately $2,017,000.
• Unit Composition (Non‑Flow‑Through): 1 non‑flow‑through common share + 1 transferable common share purchase warrant; warrant exercise price $0.20 per share, exercisable for five years post‑closing.
• Unit Composition (Flow‑Through): 1 flow‑through common share + 1 transferable non‑flow‑through share purchase warrant; warrant exercise price $0.25 per share, exercisable for two years post‑closing.
• Finder’s Fees Paid: $71,160 in aggregate cash fees.
• Additional Warrants Issued:
• 618,000 non‑transferable non‑flow‑through finder warrants (exercise $0.20, two‑year term).
• 72,000 non‑transferable flow‑through finder warrants (exercise $0.25, two‑year term).
• Common Shares Issued: 540,000 shares issued in connection with the offering.
• Statutory Hold Period: All securities subject to a hold period expiring four months and one day after closing.
• Use of Proceeds – Flow‑Through Units: Funding for existing Canadian properties.
• Use of Proceeds – Non‑Flow‑Through Units: General working capital.

Notable Quotes

“We would like to thank our shareholders for their support in closing these financings, enabling the company to proceed with multiple work programs. Adelayde will be very active in 2026.” – James Nelson, President, Adelayde Exploration Inc.