More Dilution
Vancouver, BC, February 26, 2014 - Adamera Minerals Corp. (TSX V: ADZ) - announces that it has settled $44,357.86 of debt through issuance of 739,298 common shares of the company at a price of $0.06 per share. The shares will be subject to a 4 month hold period from the date of issuance. This transaction is with an unrelated party and is subject to regulatory approval. The shares associated with the debt settlement are being issued to preserve cash committed to project development and working capital. 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 Read more at https://www.stockhouse.com/news/press-releases/2014/02/26/adamera-announces-shares-for-debt-settlement#toUEX62D2ordv5Wb.99