Sprott Resource and Adriana Resources are pleased to announce the completion of the previously announced plan of arrangement pursuant to which ADI acquired 100% of the outstanding 96,672,102 SRC common shares and SRC became a wholly-owned subsidiary of ADI. Holders of common shares of SRC received 3.0 ADI common shares per common share of SRC held [...]
Adriana Resources is pleased to announce that at a special meeting of the holders of common shares of ADI, held earlier today, the ADI Shareholders voted to approve the plan of arrangement pursuant to which ADI will acquire all of the issued and outstanding common shares of Sprott Resource Corp. Immediately prior to closing, ADI Shareholders will [...]
Sprott Resource and Adriana Resources are pleased to announce that leading proxy advisory firms Institutional Investor Services and Glass, Lewis & Co., have recommended that SRC shareholders vote in favour of the proposed business combination of SRC and ADI pursuant to which SRC would become a wholly-owned subsidiary of ADI and SRC shareholders [...]
Sprott Resource and Adriana Resources today announced that they will host a conference call on Tuesday, December 6, 2016 at 11:00am ET to discuss the proposed business combination of SRC and ADI and concurrent private placement announced on November 29, 2016. The call will be hosted by SRC CEO, Steve Yuzpe and ADI CEO, Michael Harrison. Conference [...]
Sprott Resource and Adriana Resources are pleased to announce that ADI has received TSX Venture Exchange acceptance with respect to the pricing of the private placement financings to be completed concurrently with the closing of the proposed business combination of SRC and ADI previously announced on November 29, 2016. Pursuant to the Private [...]
Sprott Resource and Adriana Resources announced today that they have entered into a definitive agreement to effect a business combination of SRC and ADI pursuant to a plan of arrangement under the Canada Business Corporations Act . In connection with the Arrangement, Sprott Inc., a fund managed by a subsidiary of Sprott, and Term Oil Inc. (a [...]
Adriana Resources reported it has filed its interim financial statements for the quarter ended March 31, 2016 and the related Management Discussions and Analysis. Both documents are available on SEDAR. As at May 26, 2016, Adriana had cash and cash equivalents of $29 million. Lac Otelnuk Mining Ltd., a joint venture company with WISCO International [...]
Adriana Resources today provided its shareholders with the following updates. Business Update Management would like to provide the following update of activities in 2015 and 2016 with respect to the Lac Otelnuk Mining Project, cash conservation efforts and Adriana's strategic plan. In April of 2015, SNC-Lavalin Inc. delivered a Feasibility Study [...]
Adriana Resources 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. The Board of Directors has appointed Mr. Xinting, as a director to [...]
Adriana Resources announces that it has filed its consolidated annual financial statements for the year ended December 31, 2015 and the related Management Discussions and Analysis. Both documents are available on SEDAR. As of February 26, 2016, Adriana currently has $29.3 million in cash and a strategic partnership with WISCO International [...]
Adriana Resources announces that it made an additional investment of $3,054,451 in Lac Otelnuk Mining pursuant to a cash call that will fund the costs for the LOM joint venture beyond 2020. Adriana owns 40% of LOM, which is a joint venture company with WISCO International Resources Development & Investment, which in turn holds the Lac Otelnuk [...]
Adriana announces that it has granted options to an officer and director of the Company on November 17, 2015 entitling him to purchase an aggregate of 3,000,000 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 [...]
