Firma Holdings Corp. (FRMA)

[nuggetman]

The money was for shares and half warrants and Adit Resources would be required to spend two million of the three million on exploration:

CHICAGO, IL -- (MARKET WIRE) -- 02/02/11 -- Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3) is pleased to announce that its subsidiary, Adit Resources Corp., has closed an equity financing for $500,000. The $500,000 investment into Adit is through a private placement with Yamana Gold Inc. of 500,000 units exchangeable for 500,000 common shares and 250,000 common share purchase warrants, each exercisable for one common share for a term of three years at an exercise price of $1.50 per share.

Adit has also signed a letter of intent with Yamana Gold Inc. (the "Investor") that grants an option to acquire up to a 70% interest in the Picacho gold/silver project. A definitive agreement is expected to be completed within 45 days. Upon completion of the definitive agreement, Adit anticipates receipt of an additional investment of $2.5 million to be completed on the same terms. From this initial total equity investment of $3 million, Adit will be required to spend $2 million advancing exploration work on the Picacho project.

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