Vancouver, British Columbia--(Newsfile Corp. - August 29, 2025) - Adelayde Exploration Inc. (CSE: ADDY) (OTCID: SPMTD) (WKN: A41AGV) (the "Company" or "Adelayde") wishes to announce that it has entered into a loan agreement (the "Loan Agreement") with an arm's length lender to borrow $100,000 (the "Loan"). The Loan is unsecured and bears interest of 10% per annum. The term of the loan will be twelve (12) months from the closing of the Loan or three (3) business days following a written notice of the Company that the Company has raised a minimum of five hundred thousand dollars through one or more equity or debt financings. The Company may repay the Loan at any time before maturity, without penalty.
Pursuant to the Loan Agreement, the Company will issue 2,000,000 share purchase warrants to the lender. Each share purchase warrant will entitle the holder to purchase one common share of the Company at an exercise price of $0.05 per share for a period of five years from the closing of the Loan.
Closing of the Loan is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals. All securities issued in connection with the Loan will be subject to a statutory hold period of four months plus one day from the closing of the Loan in accordance with applicable securities legislation.
Contact Information
Tel: 1604646-6903
info@adelaydeexp.com
www.adelaydeexp.com
"James Nelson"
President
Adelayde Exploration Inc.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264545
SOURCE: Adelayde Exploration Inc.
