TORONTO -- 04/02/12 -- Adriana Resources Inc. ("Adriana" or the "Company") (TSX VENTURE: ADI) announces that it has granted incentive stock options to certain Consultants of the Company entitling them to purchase an aggregate of 200,000 common shares of the Company, pursuant to the Company's Share Option Plan approved by the shareholders. Each option entitles the holder thereof to purchase one common share at a price of $1.02 per share.
Adriana is currently focused on the advancement of its Lac Otelnuk world-class iron ore deposit located in the Labrador Trough, Nunavik, Quebec.
ON BEHALF OF ADRIANA RESOURCES INC.
Allen J. Palmiere President and CEO
Certain information regarding the Company, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements and caution should be exercised on placing undue reliance on forward looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Contacts:
Adriana Resources Inc. Allen J. Palmiere, President & CEO apalmiere@adrianaresources.com
Adriana Resources Inc. Connie Dos Santos, Director, Investor Relations (416) 363-2200 ext. 223 cdossantos@adrianaresources.com www.adrianaresources.com
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TORONTO -- 04/02/12 -- Adriana Resources Inc. ("Adriana" or the "Company") (TSX VENTURE: ADI) announces that it has granted incentive stock options to certain Consultants of the Company entitling them to purchase an aggregate of 200,000 common shares of the Company, pursuant to the Company's Share Option Plan approved by the shareholders. Each option entitles the holder thereof to purchase one common share at a price of $1.02 per share.
