Adamera Minerals Announces Financing
February 11 2014 - 6:50PM
Access Wire
Vancouver, BC, February
12, 2014 - Adamera Minerals
Corp. (TSX V:ADZ) is pleased to report
that it is increasing its financing
announced January 23, 2014 from 5 million units, to up to 6.83
million units, raising up to $410,000. Each unit will be issued at
$0.06 and shall consist of one common share and one share purchase
warrant. Each such share purchase warrant will be exercisable into
one common share for a period of two years from closing at a price
of $0.10 cents per share.
A Finder's Fee will be
payable in common shares, equal to 5.0% of gross proceeds raised to
persons or companies who qualify in accordance with securities
legislation and TSX Venture Exchange policies to receive a finders'
fee.
The financing is fully
subscribed and is expected to be closing shortly, subject to
receipt of all subscription proceeds, necessary documentation and
TSX Venture Exchange acceptance.
About Adamera
Adamera is exploring
for high-grade gold near an operating mill in Washington State
owned by Kinross Gold Corp. The mill is reported to be operating at
half capacity with ore shipped 70 kilometres from the 1.3 million
ounce Buckhorn mine. The Buckhorn mine is a high grade; low cost
producer with only 2 years mine-life remaining. Adamera is
currently exploring five projects with high-grade gold potential
within hauling distance of the Mill.
On
behalf of the Board of Directors,
Mark
Kolebaba
President &
CEO
For additional
information please contact:
Heather Kays
Manager, Corporate
Communications
Tel: (604) 689-2010
Fax: (604) 484-7143
Email: info@Adamera.com
Website:
www.Adamera.com
The TSX
Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy
of this release. Statements in this press release, other than
purely historical information, including statements
relating to the Company's future plans and objectives or expected
results, may include forward-looking statements. Forward-looking
statements are based on numerous assumptions and are subject to all
of the risks and uncertainties inherent in resource exploration and
development. As a result, actual results may vary materially from
those described in the forward-looking
statements.
Not for dissemination in the
United States or through U.S. newswires
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