Adanac Molybdenum is pleased to announce the completion, following the receipt of the final order of the Court on December 11, 2015, of the previously announced arrangement between Adanac and WBOX 2015-4 Ltd. under the Business Corporations Act (British Columbia). Pursuant to the Arrangement, the Purchaser acquired all of the issued and outstanding [...]
Adanac Molybdenum is pleased to announce that it has mailed its management information circular and related proxy materials to its shareholders (in connection with the annual and special meeting of Shareholders to be held at 9:00 a.m. (Vancouver time) on December 8, 2015. At the Meeting, Shareholders will be asked to approve the Company's [...]
Adanac Molybdenum announces that, further to its September 11, 2015 news release in respect of its letter of intent with Whitebox Advisors, it has entered into a definitive arrangement agreement with WBOX 2015-4 Ltd., an indirect subsidiary of Whitebox whose affiliates own an aggregate of 3,618,728 common shares of Adanac. Pursuant to the [...]
Adanac Molybdenum announces that is has entered into a letter of intent with Whitebox Advisors, which acts as investment advisor for several significant shareholders of the Company. The Letter of Intent sets out the intention of the Company and Whitebox, on a non-binding basis, to engage in negotiations to attempt to agree upon and execute a [...]
Adanac Molybdenum announces the following shareholder update. Adanac has retained KPMG Corporate Finance Inc. on an exclusive basis to assist the Company in exploring strategic options with respect to its business, including the Ruby Creek Project. Such options could potentially include raising additional capital, finding a strategic partner, or [...]
Adanac Molybdenum announces the following voting results from the June 30, 2014 Annual General and Special Meeting of Shareholders. There were 17,839,674 shares voted, representing 70.0% of total shares outstanding. The percentage of votes cast For each motion are as follows: Number of Directors - 87.6% John W. Cutler as Director - 99.8% Robert [...]
Adanac Molybdenum announces the following shareholder update. The annual and special meeting of shareholders of Adanac will be held at 8:00 a.m. (Vancouver time) on June 30, 2014 at 16055 Fraser Highway, Unit 204, Surrey, British Columbia. At the Meeting, shareholders will be asked to approve a special resolution for the sale of substantially all [...]
Adanac Molybdenum announces the following strategic update. Adanac's sole asset is the Ruby Creek Project, which comprises an undeveloped primary molybdenum deposit, located approximately 24 kilometers northeast of Atlin, British Columbia. Adanac's strategic focus over the past two years has been to sell all or part of Ruby Creek or Adanac. Adanac [...]
Adanac Molybdenum announced today that Maria Tejada has resigned as Chief Financial Officer effective immediately. The Board of Directors would like to thank Ms. Tejada for her dedication to the Company over the past five years. Adanac's current Vice President of Administration, Alicia Marshall, will assume the Chief Financial Officer position [...]
Adanac Molybdenum today stated, at the request of the Investment Industry Regulatory Organization of Canada, on behalf of the Toronto Stock Exchange, that there are no corporate actions to explain the market activity. It is otherwise the company's policy not to comment on unusual market activity. Information and documents relating to Adanac's [...]
