Iron Investing News » Adriana: $4.0 Million Private Placement of Units

Adriana: $4.0 Million Private Placement of Units

April 12, 2010 @ 7:13 pm In Iron Company News

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 ^[1]

Click here to access Adriana Resources Corporate Site ^[2]

Article printed from Iron Investing News: http://ironinvestingnews.com

URL to article: http://ironinvestingnews.com/772-adriana-4-0-million-private-placement-of-units.html

URLs in this post:

[1] Click here to access the entire press release: http://www.marketwire.com/press-release/Adriana-Announces-40-Million-Private-Placement-of-Units-and-Flow-Through-Shares-TSX-VENTURE-ADI-1145870.htm

[2] Click here to access Adriana Resources Corporate Site: http://www.adrianaresources.com