Adira Energy Files Final Short Form Prospectus

Adira Energy (TSXV:ADL,OTCBB:ADENF,FWB:AORLB8) filed a final short form prospectus, including the details of its previously announced fully marketed prospectus offering.

As quoted in the press release:

The Company has entered into an agency agreement with a syndicate of agents co-led by GMP Securities L.P., Cormark Securities Inc. and Dundee Securities Ltd. (collectively, the “Co-Lead Agents”), and including Clarus Securities Inc., and FirstEnergy Capital Corp. (together with the Co-Lead Agents, the “Agents”) pursuant to which the Agents have agreed to act as exclusive agents to the Company to arrange for the sale on a “best efforts” basis of a minimum of 71,428,571 units and up to a maximum of 107,142,857 units of the Company at a price of $0.14 per Unit, for aggregate gross proceeds of a minimum of $10,000,000 and a maximum of up to $15,000,000. PowerOne Capital Markets Limited is acting as a member of the selling group in connection with the Offering.

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