Adamera receives over $670,000 from Warrant Exercise
TSX Venture Exchange: ADZ
News Release: 17-05
Adamera receives over $670,000 from Warrant Exercise
Vancouver, British Columbia, April 03, 2017 - Adame ra Minerals Corp. (TSX-V: ADZ) reports that
the Company has received $672,260 from the exercise of warrants that expired on March 24, 2017 and
March 30, 2017. Over 82% of these warrants were ex ercised prior to the expiry dates. The funds
received from the exercise of these warrants will b e used for the upcoming drill program in the
Company’s Cooke Mountain project. The current cash position of the company is approximately
$1,077,000.
The Board of Directors has also approved the issuance of 400,000 stock options to its officers to purchase
common shares of the Company at an exercise price o f $0.145 per share for a period of 5 years, expirin g
on March 31, 2022.
About Adamera
Adamera Minerals Corp. is exploring for high-grade gold deposits within hauling distance of the
operating Kettle River Mill in Northeastern Washing ton State. While the existing third-party mill and
superior logistics allow a smaller resource to be p otentially economic, Adamera’s primary goal is the
discovery of a large stand-alone high grade gold de posit. Adamera is the dominant regional exploration
company in the area.
On behalf of the Board of Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Tel: (604) 689-2010
Fax: (604) 484-7143
Email: [email protected]
Website: www.Adamera.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accur acy of this release.
Statements in this press release, other than purely historical information, including statements relat ing to the Company’s future
plans and objectives or expected results, may inclu de forward-looking statements. Forward-looking stat ements are based on
numerous assumptions and are subject to all of the risks and uncertainties inherent in resource explor ation and development. As
a result, actual results may vary materially from those described in the forward-looking statements.