Adelayde Exploration Closes Private Placement to Fund Work Programs

Adelayde Exploration Inc. has finalized a private placement financing, generating gross proceeds of $2.02 million. The company intends to allocate these funds to support several of its work programs. The financing was comprised of two components: a non-flow-through unit offering that raised $967,500 and a flow-through unit offering that raised $1,049,500.

The non-flow-through units were priced at $0.10 each, while the flow-through units were priced at $0.13 each. Accompanying these units are warrants, with non-flow-through units including warrants exercisable at $0.20 for five years, and flow-through units featuring warrants exercisable at $0.25 for two years.

In connection with the closing, Adelayde also paid finder's fees totaling $71,160 in cash. Additionally, the company issued finder's warrants and 540,000 common shares as part of these fees. All securities issued are subject to a statutory hold period expiring four months and one day after the closing date.

President James Nelson expressed gratitude to shareholders for their support, stating, "Adelayde will be very active in 2026." The company plans to commence multiple work programs utilizing the newly secured capital.