Adamera Extends Warrants
Vancouver, B.C. - TheNewswire - December 03 , 2021 - Adamera Minerals Corp. (TSXV:ADZ) (OTC:DDNFF) is seeking approval from the TSX Venture Exchange to extend the terms of certain warrants which would otherwise expire on January 11, 2022. 4,166,667 warrants granted on July 11, 2018, with the original expiry date of July 11, 2021, are now extended to expire on January 11, 2023, with each warrant entitling the holder to purchase one common share of the Company at $0.12 per share. The warrants are still subject to an accelerated expiry date, which comes into effect when the price of the Company's common shares on the TSX Venture Exchange closes at a price of $0.20 or more per share during any ten consecutive trading day period. In such an event, the expiry date will be accelerated to a date that is 30 days after the Company's shares trade for ten consecutive days at or above $0.20.
The company is also seeking to extend 6,875,000 warrants granted on June 22, 2020, with the exercise price of $0.10 and original expiry date of June 22, 2021, and 4,525,000 warrants with an exercise price of $0.10 granted on July 2, 2020, with an expiry date of July 2, 2021 will be extended to a date of December 22, 2022 and January 2, 2023.
Adamera Minerals Corp. is exploring for a high-grade gold deposit near Republic Washington. This area has reportedly produced 8 million ounces of gold. Adamera is the dominant regional explorer in the area.
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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.