Adamera Closes First Tranche of Non-Brokered Private Placement
Vancouver, British Columbia, March 30, 2015 - Adamera Minerals Corp. (TSX-V: ADZ) (the "Company") announces it has closed the first tranche of its non-brokered private placement, for aggregate gross proceeds of $169,500. The Company issued units at $0.05 per unit. Each unit in the private placement is comprised of one common share and one share purchase warrant with each whole warrant exercisable into one additional common share at a price of $0.05 until March 30, 2017. The TSX venture has granted approval of the terms and extension of the financing.
All securities issued in connection with the financing will be subject to a four-month hold period expiring on July 31, 2015.
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 mining/exploration company in the area through discovery.
On behalf of the Board of Directors,
President & CEO
For additional information please contact:
Manager, Corporate Communications
Tel: (604) 689-2010
Fax: (604) 484-7143