By Devika Patel
Knoxville, Tenn., Dec. 16 - Adriana Resources Inc. said it plans to conduct a C$4 million non-brokered private placement of stock.
The company will sell 4.5 million flow-through common shares at C$0.89 per share.
Proceeds will be used for exploration.
Adriana is a mineral exploration and development company based in Vancouver, B.C.
| Issuer: | Adriana Resources Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$4 million
|
| Shares: | 4.5 million
|
| Price: | C$0.89
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 16
|
| Stock symbol: | TSX Venture: ADI
|
| Stock price: | C$0.60 at close Dec. 16
|
| Market capitalization: | C$43.5 million
|
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