E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/20/2006 in the Prospect News PIPE Daily.

New Issue: Adriana Resources prices C$2.66 million flow-through shares

By Laura Lutz

Washington, Dec. 20 - Adriana Resources Inc. arranged a private placement for C$2,656,299.

The company plans to sell 2,951,443 flow-through shares at C$0.90 each.

MineralFields Group participated in the non-brokered placement.

Proceeds will be used for exploration on the company's mineral properties in Nunavut and Quebec.

Adriana is a mineral exploration and development company based in Vancouver, B.C.

Issuer:Adriana Resources Inc.
Issue:Flow-through shares
Amount:C$2,656,299
Shares:2,951,443
Price:C$0.90
Warrants:No
Investor:MineralFields Group
Agent:Non-brokered
Pricing date:Dec. 19
Stock symbol:TSX Venture: ADI
Stock price:C$0.80 at close Dec. 19

© 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.