Sale of ASSETS NEWS
Vancouver, BC, / TheNewswire / May 28, 2015 -- Adamera Minerals Corp. (TSX V: ADZ) Adamera Minerals announces the sale of diamond data for the Amaruk Diamond Property in Nunavut, Canada to Churchill Diamonds. Under the terms of the sale, Adamera receives $100,000 cash, 1 million shares of Churchill Diamonds and a 2% Gross Overriding Royalty. One half of the 2% royalty may be purchased by Churchill Diamonds for $1,000,000. "These deals are great for Adamera as they are non - dilutive; increasing funds in the treasury while maintaining share structure. This is one of many assets that Adamera continues to hold in Nunavut or NWT including an NI 43-101 compliant uranium resource as well as advanced gold and base metals projects," says Mark Kolebaba, President and CEO of Adamera Minerals. As Adamera is focused in Washington State, the northern assets are considered non-core assets and are for sale or joint venture. About Adamera Adamera Minerals Corp. is exploring for high-grade gold deposits within hauling distance of the operating Kettle River Mill in northeastern Washington State. The Company's strategy is to fast-track the discovery to production process by exploring close to a mill in need of ore. Adamera is exploring several projects with a goal to become the dominant exploration company in the area and to be positioned for M&A activity. On behalf of the Board of Directors, Mark Kolebaba Read more at https://www.stockhouse.com/news/press-releases/2015/05/28/adamera-completes-sale-of-diamond-data#ZUD95H7IYU6EekX4.99