$360,000 Top-up to Adamera's Treasury as Warrants are Exercised
Vancouver, British Columbia, July 28, 2016 - Adamera Minerals Corp. (TSX-V: ADZ) has raised an additional $360,000 through the exercise of warrants that expired on July 20th, 2016. Since May 2016, Adamera has raised more than $1,000,000. The cash will be used for exploration and administrative purposes.
"This increase to our treasury and will provide a more significant exploration program on our Washington State properties" says Mark Kolebaba, President and CEO of Adamera.
Adamera's immediate exploration plans include detailed geophysical surveying, geological mapping and soil sampling to better define current targets for drilling later in the season and to develop additional targets.
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:
Tel: (604) 689-2010
Fax: (604) 484-7143
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.