Adanac Outlines New Common Share Distribution

- January 25th, 2011

Adanac Molybdenum Corporation (TSX:AUA) updates current and prospective shareholders with the following new share information.

Adanac Molybdenum Corporation (TSX:AUA) updates current and prospective shareholders with the following new share information.

The press release is quoted as saying:

Adanac Molybdenum Corporation owns the Ruby Creek Project, which is located in northwest British Columbia. Adanac has advanced this primary molybdenum property through feasibility studies, a production decision and an updated resource estimate. Upon emergence from protection from its creditors under the CCAA, Adanac will have minimal debt and will be positioned to resume its efforts to develop the Ruby Creek Project.

Click here to access the entire press release

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