| Adriana Announces Change of Director and Change of CFO | |
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TORONTO, ONTARIO--(Marketwired - March 31, 2016) - Adriana Resources Inc. ("Adriana" or the "Company") (TSX VENTURE:ADI) announces today that Mr. Weike Peng has resigned from its Board of Directors, due to his transfer to a new role. Mr. Peng has been a valuable member of Adriana's Board of Directors as a representative of WISCO International Resource Development & Investment Limited ("WISCO"). The Board of Directors has appointed Mr. Xinting (Tony) Wang, subject to TSX-V approval, as a director to replace Mr. Peng on the Board of Directors. Mr. Wang currently serves as Chief Executive Officer and President of WISCO Canada Resources Investment Limited, based in Toronto. He is a mining engineer by profession with over 20 years of experience with operations and investment in the iron ore mining industry. Mr. Wang has a wealth of experience in overseas mining investment and management, having served as a director of Hong Kong WISCO GUANGXIN KAM WAH Resources Limited, which managed the development of the Soalala project in Madagascar, and serves as a director of Century Global Commodities Corporation, listed on the TSX. Mr. Wang attended the XI'AN University of Technology and Architecture in China, majoring in mining engineering and subsequently the Wuhan University of Technology and Science as the mining engineering graduate student. Mr. Wang also holds a Master Business Administration degree from Ohio University, USA. Don Charter, Chairman of Adriana commented: "We thank Mr. Peng for his valuable contributions to the Company and wish him well in his future endeavours. We welcome Mr. Wang to the Board of Directors. As CEO of WISCO Canada, Tony is very familiar with Adriana and Lac Otelnuk, and we look forward to working with him." The Company also announces the resignation of Mr. Daniel E. Im, who is leaving his role as CFO effective March 31, 2016 to pursue other opportunities. "The Board of Directors would like to thank Daniel for all of his contributions to Adriana during the last five years and wish him success in his future endeavours," said Michael J. Harrison, President and CEO. |
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Adriana Resources Inc.
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EXPLORATION STAGE |
CODE : ADI.V |
ISIN : CA00735P1062 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Adriana Res. is a iron development stage company based in Canada. Adriana Res. holds various exploration projects in Brazil, in Canada and in Finland. Its main exploration properties are MUSTAVAARA in Finland, BRAZORE LTDA and MACKENZIE IGNEOUS EVENT in Brazil and UNAD JV in Canada. Adriana Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.6 millions as of today (US$ 1.2 millions, € 1.1 millions). Its stock quote reached its highest recent level on May 05, 2006 at CA$ 2.03, and its lowest recent point on April 25, 2024 at CA$ 0.01. Adriana Res. has 157 554 238 shares outstanding. |