Mr. Mark Kolebaba reports
ADAMERA MINERALS RECEIVES $1,680,267 FROM WARRANT EXERCISE
Adamera Minerals Corp. has received $1,680,267 from the exercise of 16,802,667 warrants relating to the June, 2013, and June, 2016, private placements.
The early exercise of these warrants is due to forced exercise provisions as described in the company news release dated May 12, 2017. A total of 99.9 per cent of the warrants related to these private placement were exercised. The remaining 8000 unexercised warrants have expired.
The funds received from the exercise of these warrants will be used for administrative and exploration purposes.
About Adamera Minerals Corp.
Adamera Minerals is exploring for high-grade gold deposits within hauling distance of the operating Kettle River mill in northeastern Washington State. While the existing third party mill and superior logistics allow a smaller resource to be potentially economic, the company’s primary goal is the discovery of a large stand-alone high-grade gold deposit.
We seek Safe Harbor.