By Sheri Kasprzak
New York, Jan. 11 - Adriana Resources Inc. wrapped a private placement for C$2,644,500.
The company sold 3.526 million shares at C$0.75 each on a non-brokered basis.
Proceeds will be used for exploration on the company's properties in Nunavut, Quebec and Finland. The rest will be used for working capital.
Based in Vancouver, B.C., Adriana is a mineral exploration and development company.
| Issuer: | Adriana Resources Inc.
|
| Issue: | Stock
|
| Amount: | C$2,644,500
|
| Shares: | 3.526 million
|
| Price: | C$0.75
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Settlement date: | Jan. 11
|
| Stock symbol: | TSX Venture: ADI
|
| Stock price: | C$0.85 at close Jan. 11
|
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