Adanac � Implements Shareholder Rights
Plan
September
30, 2008 - Vancouver, British
Columbia
Adanac Molybdenum Corporation (�Adanac
or the Company�, - TSX: AUA, Pink Sheets: AUAYF, Frankfurt: A9N) announces the
implementation of a Shareholder Rights Plan to be presented and considered by
shareholders at the Company�s Annual and Special General Meeting of
Shareholders to be held at the offices of the solicitors for the Company, Fasken Martineau DuMoulin LLP,
2900 � 550 Burrard Street, Vancouver, British
Columbia on Wednesday, October 22, 2008 at 10:00 am.
The Company confirms the mailing to
shareholders of the Annual and Special General Meeting materials and the Annual
Report, the mailing of which were completed on September 24, 2008 and which are
also available on SEDAR at www.sedar.com.
About Adanac Molybdenum Corporation
Adanac Molybdenum Corporation is listed on the TSX and Frankfurt exchanges and
owns the Ruby Creek Molybdenum Project in northern British
Columbia. The Company has advanced the project through
feasibility studies, a production decision and has previously ordered long-lead
equipment, completed permitting for construction, constructed a road to the
site and secured US$80 million in bridge financing. The Company is sourcing
construction funding and expects a site construction start in February 2009 and
production in Q4, 2010.
Information Contact
Peter R. Jones �
Chairman & CEO
Suite 200 � 2055 152 Street, Surrey, B.C. V4A
4N7
Telephone: 604-535-6834 Facsimile: 604-536-8411
Email: info@adanacmoly.com
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access the news release on the Company�s website at www.adanacmoly.com
or at SEDAR at www.sedar.com
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