Adriana Resources Inc.
TSX VENTURE : ADI

Adriana Resources Inc.

November 23, 2006 09:30 ET

Adriana Arranges $990,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 23, 2006) - Adriana Resources Inc. (the "Company") (TSX VENTURE:ADI) announces it has arranged, subject to regulatory approval, a non-brokered private placement for proceeds of $990,000. The private placement consists of 1,100,000 flow through shares priced at $0.90 per share. The shares will be subject to hold periods in accordance with TSX Venture Exchange (the "Exchange") policies and applicable securities laws. No warrants were issued in connection with the financing. The Company will pay a finders fee of 4% in shares or 52,100 shares. Proceeds of the financing will be used for continued exploration of the Company's mineral properties in Nunavut and Quebec.

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