Adriana: $4.0 Million Private Placement of Units
Adriana Resources Inc. (TSX VENTURE:ADI) reported has entered into an agreement with Haywood Securities Inc. in respect of a private placement for the sale, on a bought deal basis, in each of the provinces and territories of Canada other than Quebec of 5,000,000 units of the Company at a price of $0.40 per Unit for gross proceeds of $2 million.
Adriana Resources Inc. (TSX VENTURE:ADI) reported has entered into an agreement with Haywood Securities Inc. in respect of a private placement for the sale, on a bought deal basis, in each of the provinces and territories of Canada other than Quebec of 5,000,000 units of the Company at a price of $0.40 per Unit for gross proceeds of $2 million.
The press release is quoted as saying:
Adriana is currently focused on the advancement of its Lac Otelnuk iron ore deposit located in the Labrador Trough, Nunavik, Québec.