Adamera Amends Warrants
Vancouver, British Columbia, January 27, 2016 - Adamera Minerals Corp. (TSX-V: ADZ) (the "Company") is seeking approval from the TSX Venture Exchange to reprice and extend the term of warrants which would otherwise expire on February 14, 2016.
Pursuant to the non-brokered private placement that closed on February 14, 2014, a total of 6,666,666 warrants were issued at $0.10, expiring on February 14, 2016 all of which remain outstanding. The warrants will be repriced at $0.06 and extended for one full year expiring on February 14, 2017. In addition, the expiry date of the warrants will be accelerated to 30 days following the date on which the Company share price has closed for 10 consecutive trading days at a price of $0.08 or greater.
Adamera would also like to announce that Pat Tanaka, CFO of Adamera Minerals will take on the role of Corporate Secretary replacing Sheryl Dhillon. The Company would like to thank Ms. Dhillon for her services.
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. Forwardlooking 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.