Adamera Minerals Corp. announced a non-brokered private placement of 6,700,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 335,000 on April 21, 2023. Each unit consists of one common share and one half of common share non-transferable warrant.

Each warrant can be exercised to acquire one common share at a price of CAD 0.1 per share for a period of two years. The warrants are subject to an accelerated expiry date, which comes into effect when the closing price of the company's common shares on the TSX Venture Exchange is CAD 0.20 or more per share during any ten consecutive trading day period, commencing four months plus one day after the date of issuance of the warrants. In such case, the expiry date may be accelerated to 30 days after the company's shares trade for ten consecutive days at or above CAD 0.20.

The company did not pay a finders' fee in the transaction. The transaction is subject to approval from TSX Venture Exchange. The securities are subject to a four month hold period.