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| Home : Adriana Announces Closing of First Tranche Non-Brokered Private Placement |
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Oct 30
2010 |
Adriana Announces Closing of First Tranche Non-Brokered Private Placement |
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TORONTO, ONTARIO--(Marketwire - Oct. 29, 2010) - Adriana Resources Inc. ("Adriana" or the "Company") - (TSX VENTURE:ADI) is pleased to announce that it has closed the first tranche of its non-brokered private placement (the "Private Placement") today by issuing 5,405,404 Common Shares of the Company at a price of $0.37 per share for gross proceeds of approximately $2 million. The Company expects to close the second tranche of the Private Placement by issuing approximately 2,702,697 Common Shares at $0.37 per share-towards the second week of November for gross proceeds of $8 million. In connection with the completion of the Private Placement, the Company will pay a finder's fee in the amount of $560,000. |
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| Source:http://www.marketwire.com/mw/release.do?id=1344115&sourceType=3 |
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