Adriana: $4.0 Million Private Placement of Units

- April 12th, 2010

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.

Click here to access the entire press release

Click here to access Adriana Resources Corporate Site

Leave a Reply