VANCOUVER — Adamera Minerals‘ (TSXV: ADZ; US-OTC: DDNFF) president and CEO Mark Kolebaba tells a familiar story about the past two years, where management teams of junior explorers were forced to forego salary to keep the lights on and maintain rights in properties they believe have a bright future. Following a recent financing, however, it looks like the company is back in action at its historic Oversight gold project on the border of British Columbia and Washington State.
Adamera has raised roughly $1 million in the past two months, and closed a $600,000 non-brokered private placement on June 20. The financing involves 12 million units priced at 5¢, with each unit consisting of one share and a warrant exercisable at 10¢ for 18 months. The company’s stock has jumped off a low of 1¢ per share in January to roughly 10¢ per share at the time of writing.
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