Friday - after market close news!!! Adamera Minerals arranges $440,000 private placement
2014-03-14 13:43 ET - News Release
Mr. Mark Kolebaba reports
ADAMERA MINERALS ANNOUNCES PRIVATE PLACEMENT FINANCING
Adamera Minerals Corp. has arranged a non-brokered private placement of up to 6,285,713 units priced at seven cents per share for total gross proceeds of up to $440,000. Each unit will 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 three years from closing at a price of 12 cents per share.
Net proceeds of the offering will be used for exploration activities, such as drilling and trenching on the company's projects, and for company operations. The private placement is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval and acceptance by the TSX Venture Exchange. All securities to be issued pursuant to the private placement will be subject to a four-month hold period.
In addition, 739,298 common shares to settle outstanding debt have been issued. These securities have a hold period expiring July 12, 2014.
We seek Safe Harbor.