Adamera Minerals Corp. announced a non-brokered private placement of 4,000,000 non flow-through units at a price of CAD 0.05 per unit for the gross proceeds of CAD 200,000 on December 5, 2023. Each unit will consist of one common share and one non-transferable purchase warrant, with each warrant entitling the holder to purchase one common share at a price of CAD 0.1 per share for a period of two years.

The securities issued pursuant to the private placement will be subject to a four-month hold period. Insiders will likely participate in this financing. The financing is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.