Adelphi Metals Closes Oversubscribed Private Placement
06:05 Uhr | The Newswire
VANCOUVER - Adelphi Metals Inc. (CSE: ADP) (the "Company") announces that further to its press releases dated March 3rd, March 5th and March 20th, 2026, the Company has closed its oversubscribed non-brokered private placement. The Company issued 5,320,000 units (the "Units") at a price of $0.10 per Unit for aggregate gross proceeds of $532,000. Each Unit is comprised of one common share ("Share") and one-half transferable common share purchase warrant of the Company ("Warrant"). Each whole Warrant will entitle the Subscriber to purchase one Warrant Share for a 24-month period after the Closing Date at an exercise price of $0.15 per share. The company paid cash finders' fees in connection with subscriptions to the offering totaling $19,960 and issued 189,600 non-transferable finders' warrants.
Proceeds raised will be used to advance the Company's Canadian exploration projects as well as for general working capital.
Shares issued pursuant to the Financing will be subject to a four-month hold period according to applicable securities laws of Canada.
ABOUT ADELPHI METALS INC.
Adelphi Metals Inc. is a Canadian junior exploration company advancing its flagship Triple R gold project in British Columbia and its newly optioned Brady Sudbury Project in Ontario - a multi-target property prospective for mesothermal lode gold, IOCG, and nickel-copper mineralization on the northeast margin of the Sudbury Structure. The Company is actively seeking additional properties of merit as it builds a diversified portfolio of precious and base metal assets across Canada.
ON BEHALF OF ADELPHI METALS INC.
"Mike England"
Mike England, CEO & Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: +1-604-683-3995
Email: info@adelphimetals.com
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
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