Adriana Grants Incentive Stock Options
Adriana Resources Inc. ("Adriana" or the "Company") -- (TSX-V: ADI, WKN: A0F7EL) announces that it has granted incentive stock options to directors, officers, employees and consultants of the Company to purchase up to 2,082,000 common shares in the capital stock of the Company pursuant to a Share Option Plan approved by shareholders. The options are exercisable at a price of $1.10 per share, have a term of five years and are subject to vesting restrictions over a period of 18 months.
Included in the grant are 100,000 options granted to Freeform Communications Inc. and 25,000 options to Ali Sinawi, who perform investor relations services for the Company.
About Adriana Resources Inc
Adriana's goal is to become a fully integrated iron ore producer through continued development of its iron ore port facility in Brazil, through acquisition of iron ore mineral resources in Brazil, and the advancement of the Lac Otelnuk Iron Project in Quebec, Canada.
For more information, contact Robert Ferguson or Ali Sinawi at (604) 629-0250 or toll free at (877) 629-0150 or visit the Company's website at www.adrianaresources.com.
ON BEHALF OF ADRIANA RESOURCES INC.
"Michael J. Beley" President
Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
You can also view this News Release on our website at: http://www.adrianaresources.com/s/NewsReleases.asp?ReportID=309122
|
 |
Suite 1818 - 701 West Georgia St Vancouver, BC Canada V7Y 1C6
Telephone: 604.629.0250 Fax: 604.629.0923 Toll Free: 877.629.0150 Email: info@adrianaresources.com
(TSX-V: ADI)
Jun 25, 2008: News Releases: Adriana Grants Incentive Stock Options >Read More
Jun 25, 2008: News Releases: Adriana Appoints Joseph Fodor as Executive Vice Pr... >Read More
Jun 04, 2008: News Releases: Adriana Commences 2008 Diamond Drill Program on th... Diamond-Drill-Program-on-the-Companys-100-Owned-Lac-...">>Read More
May 29, 2008: News Releases: Adriana Reaches Milestone in Brazil Port Permittin... >Read More
|