By Devika Patel
Knoxville, Tenn., Aug. 11 - Adriana Resources Inc. announced it plans to conduct a C$2 million non-brokered private placement of stock.
The company will sell 2,352,941 flow-through common shares at C$0.85 apiece.
Proceeds will be used for continued drilling and exploration of the company's Lac Otelnuk property in Quebec and the Bedford prospect in Newfoundland and Labrador that will qualify as Canadian Exploration Expenses.
Adriana is a mineral exploration and development company based in Vancouver, B.C.
Issuer: | Adriana Resources Inc.
|
Issue: | Flow-through common shares
|
Amount: | C$1,999,999.85
|
Shares: | 2,352,941
|
Price: | C$0.85
|
Warrants: | No
|
Agent: | Non-brokered
|
Pricing date: | Aug. 11
|
Stock symbol: | TSX Venture: ADI
|
Stock price: | C$0.75 at close Aug. 8
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.