Adira Energy Announces Filing of Final Prospectus

(FRANKFURT: AORLB8). Adira Energy Ltd. ("Adira" or the "Company") is pleased 
to announce that it has filed a final short form prospectus containing the 
final details of its previously announced fully marketed prospectus offering 
(the "Offering") of units of the Company (each, a "Unit"). The Company has 
entered into an agency agreement with M Partners Inc. (the "Agent") pursuant 
to which the Agent has agreed to arrange for the sale on a "best efforts" 
basis of a minimum of 52,550 Units and up to a maximum of 157,649 Units, at a 
price of $95.15 per Unit, for aggregate gross proceeds of a minimum of 
$5,000,000 and a maximum of up to $15,000,000. Sunel Securities Inc. and 
Poalim IBI Underwriting & Issuing Ltd. are acting as members of the selling 
group in connection with the Offering. 
Each Unit consists of 1,000 common shares in the capital of the Company (each, 
a "Common Share"), 500 short-term common share purchase warrants (each, a 
"Series 1 Warrant") and 500 long-term common share purchase warrants (each, a 
"Series 2 Warrant", and together with the Series 1 Warrant, the "Warrants"). 
This structure has the effect of valuing one Common Share, one-half of one 
Series 1 Warrant and one-half of one Series 2 Warrant at $0.09515. Each Series 
1 Warrant will entitle the holder thereof to acquire one Common Share at an 
exercise price of $0.1175 for a period of 18 months following the closing of 
the Offering. Each Series 2 Warrant will entitle the holder thereof to acquire 
one Common Share at an exercise price of $0.1305 for a period of 36 months 
following the closing of the Offering. 
The Company also granted the Agent an over-allotment option (the 
"Over-Allotment Option") for the sale of additional Units and/or Warrants 
exercisable for a period of 30 days from the closing of the Offering. The 
aggregate number of Common Shares and Warrants which may be issued under the 
Over-Allotment Option may not be greater than 23,647,000 Common Shares and 
11,823,500 Series 1 Warrants and 11,823,500 Series 2 Warrants. 
In addition, the Company will issue to the Agent and its selling group 
members, that number of non-transferable common share purchase warrants 
("Broker Warrants") of to up to 10% of the total number of Unit Shares 
comprising the Units sold under the Offering (including any Units issued upon 
exercise of the Over-Allotment Option). Each Broker Warrant will entitle the 
holder thereof to acquire one Common Share at an exercise price of $0.09515 
for a period of 24 months following the completion of the Offering. The Agent 
and its selling group members will also receive a cash commission of up to 10% 
of the gross proceeds of the Offering (including in respect of any exercise of 
the Over-Allotment Option). 
The Company intends to use the net proceeds of the Offering to advance the 
Company's exploration and development activities on its offshore Israel 
petroleum licenses and actively continue with the Company's 2013 exploration 
and development program; specifically to fund the Corporation's share of the 
costs to drill the first well on the Gabriella License. 
The Offering is subject to the final approval of the TSX Venture Exchange. 
Closing of the Offering is expected to occur in one or more tranches, with the 
initial closing date to occur on or about January 24, 2013. 
The Offering is being made by way of a short form prospectus offering in the 
provinces of Alberta, British Columbia, and Ontario and internationally in 
accordance with local securities laws through the Agent and their affiliates 
or selling agents. The final short form prospectus relating to the Offering 
has been filed on SEDAR ( 
This news release does not constitute an offer to sell or a solicitation of an 
offer to buy any of the securities referred to herein in the United States or 
in any jurisdiction where such offer or sale would be unlawful. The securities 
referred to herein have not been and will not be registered under the United 
States Securities Act of 1933, as amended (the "U.S. Securities Act") or any 
state securities laws and may not be offered or sold within the United States 
or to or for the account or benefit of a "U.S. person" (as defined in 
Regulation S under the U.S. Securities Act) absent registration or an 
applicable exemption from the registration requirements of the U.S. Securities 
Act. No public offering of securities is being made in the United States. Any 
public offering of securities in the United States must be made by means of a 
prospectus containing detailed information about the Company and management, 
as well as financial statements. 
Nothing in this announcement constitutes an offer of securities for sale in 
any jurisdiction where it is unlawful to do so. 
About Adira Energy Ltd. 
Adira Energy Ltd. is an oil and gas company which is focused in the Eastern 
Mediterranean. The Company has three petroleum exploration licenses offshore 
Israel; the Gabriella, Yitzhak and Samuel Licenses. These licenses are located 
respectively 10 km offshore between Netanya and Ashdod, 17 km offshore between 
Hadera and Netanya and adjacent to the coast between Ashkelon and Bat-Yam. The 
Company also has an option on the Yam Hadera License, offshore Israel, which 
is located 30 kilometers offshore Israel, between Hadera and Haifa and North 
West of Adira's Yitzhak license. 
Forward-Looking Statement Disclaimer 
This press release includes certain statements that may be deemed 
"forward-looking statements". All statements in this press release, other than 
statements of historical facts are forward-looking statements. Although the 
Company believes the expectations expressed in such forward-looking statements 
are based on reasonable assumptions, such statements are not guarantees of 
future performance, and actual results or developments may differ materially 
from those in the forward-looking statements. Forward-looking statements are 
based on the Company's internal projections, estimated or beliefs, concerning, 
among other things an outlook on the estimated amounts and timing of 
exploration work and capital expenditures or other expectation, beliefs, 
plans, objectives, assumption, intentions or statements about future events or 
performance, which are considered by management to be reasonable at the time 
made. Actual events or results may differ materially. Although the Company 
believes that the expectations reflected in the statements are reasonable, it 
cannot guarantee future results since such results are inherently subject to 
significant business, economic, corporate, political and social uncertainties 
and contingencies. Many factors cause the Company's actual results to differ 
materially from those expressed or implied in any forward looking statements 
made by, or on behalf of, the Company and the foregoing stated factors are not 
exhaustive. The statements contained herein are made as of the date hereof and 
the Company disclaims any intent or obligation to update publicly any forward 
looking statements, whether as a result of new information, future events or 
results or otherwise, except as required by applicable law. Company 
shareholders and potential investors should carefully consider the information 
contained in the Company's filing with Canadian securities administrators at before making investment decisions with regard to the Company. 
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that 
term is defined in the policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this release. 
Canada  Alan Friedman Exec. Vice President 
+1 416 250 1955 
Julia Maxwell Manager, Investor Relations +1 416 361 
Israel Irit Radia Corp. Dev. Arad Communications 
+972-3-7693333 or +972-54-6699311 
SOURCE: Adira Energy Ltd. 
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CO: Adira Energy Ltd.
ST: Ontario
-0- Jan/16/2013 21:14 GMT
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