Adamera Minerals receives $1,680,267 from Warrant Exercise
Vancouver, British Columbia, June 12, 2017 - Adamera Minerals Corp. (TSX-V: ADZ) reports that since March 31, 2017, the Company has received $1,680,267 from the exercise of 16,802,667 warrants relating to 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% 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.
Adamera Minerals Corp. 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, Adamera's primary goal is the discovery of a large stand-alone high grade gold deposit. Adamera is the dominant regional exploration company in the area.
On behalf of the Board of Directors,
President & CEO
For additional information please contact:
Tel: (604) 689-2010
Fax: (604) 484-7143
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.