Adamera Minerals Raises $900K via 6M Units Flow-Through Financing
Adamera Minerals Corp. has secured a non-brokered flow-through financing of 6,000,000 units totaling $900,000, each unit comprising one common share and one-half purchase warrant. Each full warrant is exercisable at $0.40 for two years, with accelerated expiry after ten trading days at or above $0.40 following the four-month hold period.
1. Financing Terms
Adamera Minerals Corp. launched a non-brokered flow-through financing issuing 6,000,000 units at $0.15 each for gross proceeds of $900,000.
2. Warrant Provisions
Each unit includes one-half common share purchase warrant, with full warrants exercisable at $0.40 per share for two years and an accelerated expiry after ten consecutive trading days at or above $0.40 following the four-month hold period.
3. Shareholder Impact
Assuming full warrant exercise, Adamera could secure up to $1.2 million in additional capital, while current shareholders face dilution from the issuance of six million new shares and three million warrants.
