Adonis Completes Initial Public Offering
ADONIS MINERALS CORP.
Suite 830-999 West Broadway
Vancouver, BC, V5Z 1K5
ADONIS COMPLETES INITIAL PUBLIC OFFERING AND LISTS ON THE CANADIAN
SECURITIES EXCHANGE
Vancouver, British Columbia, March 11, 2025, (CSE:ADON) Adonis Minerals Corp. (the
“Company”) is pleased to announce that on March 6 , 2025, it has completed its initial
public offering ("IPO") of common shares of the Company (“ Common Shares”) under the
Company’s final prospectus dated December 24 , 2024 (the “ Prospectus”), pursuant to an
agency agreement dated December 24 , 2024 (the “ Agency Agreement ), between the
Company and Canaccord Genuity Corp. (the “Agent”).
A total of 3,0 00,000 Common Shares at a price of $0.10 per share were sold pursuant to
the IPO, for gross proceeds of $300,000.
The Company will use the net proceeds from the offering in furtherance of its short term
business objectives as outlined in the Prospectus. A copy of the Prospectus is available
under the Company’s profile on SEDAR+ at www.sedarplus.ca.
Pursuant to the Agency Agreement, the Agent received a cash commission equal to 10%
of the gross proceeds of the IPO as well as a corporate finance fee of $35,000 of which
$25,000 was paid in cash and the remaining $10,000 through the issuance of 100,000
common shares at a deemed price of $0.10 per share which shall be subject to a statutory
hold period expiring on July 12, 2025. Additionally, the Company issued to the Agent, and
its selling group, non -transferable agent’s warrants entitling the holders to purchase an
aggregate of 300,000 shares at a price of $0.10 per share, exercisable on or before March
6, 2027.
The shares were approved for listing on the Canadian Securities Exchange on March 10,
2025 and are expected to begin trading on March 12, 2025, under the symbol ADON.
On behalf of the Board of Directors
Gordon Lam
President and Chief Executive Officer
Telephone: (778) 288-6893
Email: [email protected]
The information in this news release includes certain information and statements about
management's view of future events, expectations, plans and prospects that constitute forward
looking statements. These statements are based upon assumptions that are subject to significant
risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors,
the actual results, expectations, achievements or performance may differ materially from those
anticipated and indicated by these forward looking statements. Forward-looking statements in this
news release include, but are not limited to, the Company’s proposed use of the proceeds of its initial
public offering. Any number of factors could cause actual results to differ materially from these
forward-looking statements as well as future results. Although the Company believes that the
expectations reflected in forward looking statements are reasonable, it can give no assurances that
the expectations of any forward looking statements will prove to be correct. Except as required by
law, the Company disclaims any intention and assumes no obligation to update or revise any forward
looking statements to reflect actual results, whether as a result of new information, future events,
changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or
accuracy of this release.