Adriana Resources Inc.
TSX VENTURE : ADI

Adriana Resources Inc.

January 05, 2007 09:30 ET

Adriana Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 5, 2007) - Adriana Resources Inc. (the "Company") (TSX VENTURE:ADI) announces it has arranged, subject to regulatory approval, a non-brokered private placement for proceeds of $2,544,000. The private placement consists of 3,392,000 common shares priced at $0.75 per share. The shares will be subject to hold periods in accordance with TSX Venture Exchange (the "Exchange") policies and applicable securities laws. The Company anticipates paying finders fees on funds sourced to eligible finders in respect of certain shares placed under the financing. No warrants will be issued in connection with the private placement. Proceeds of the financing will be used for continued exploration of the Company's mineral properties in Nunavut, Quebec and Finland and for general working capital.

About Adriana Resources Inc.

Adriana Resources Inc. is a mineral exploration and development company with advanced and early staged mineral projects in Canada and Finland. The individuals comprising Adriana's Board have an impressive record in their previous associations in identifying and successfully developing mineral deposits through to production.

ON BEHALF OF ADRIANA RESOURCES INC.

Michael J. Beley, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this release.

Contact Information

  • Adriana Resources Inc.
    Robert Ferguson
    (604) 629-0250 or Toll Free: 1-877-629-0150
    (604) 629-0923 (FAX)
    Website: www.adrianaresources.com