Adriana's goal is to become an integrated iron ore producer in Brazil through continued development of its iron ore port facility and through potential acquisition of iron ore mineral resources. Adriana has mineral exploration projects in Nunavut, Canada, an advanced iron ore project in Quebec, Canada and is advancing an iron-vanadium development project in Finland. The individuals comprising Adriana's Board have a proven record in identifying and successfully developing mineral deposits through to production.
On December 23, 2004, two respected, successful mining industry veterans, Michael Beley and Richard Barclay, joined forces again to create Adriana Resources Inc. The goal? To build their third, billion-dollar mining company.
Over the past three decades, Michael Beley and Richard Barclay have achieved widespread recognition as company builders in the mining industry. They have worked as a team for more than 30 years, first as co-founders of Bema Gold Corporation and later as co-founders of Eldorado Gold Corporation. Today, both these companies have a market capitalization of more than $1 billion each.
Since the inception of Adriana Resources, Michael and Richard have used their expertise to guide its growth and development during this critical period. Under their guidance, the company:
arranged financing totalling some $3.8 million,
acquired the MIE Nickel Copper PGE Project,
acquired an option to purchase the potentially world-class Lac Otelnuk Iron Property,
acquired the Mustavaara mine, a past producing Iron-Titanium- Vanadium mine in Finland,
created the Bear Valley Uranium Project, located in Nunavut, Canada,
signed an agreement with Unor Inc. creating the UNAD Uranium Joint Venture,
commenced field and airborne work on the MIE & Bear Valley Project,
completed a 43-101 report and initiated a bulk sample for the Mustavaara Mine Project,
initiated first phase of the work program at the Lac Otelnuk property,and
developed strategic partnerships.
While Adriana Resources is still in the early stages of development, the company can look back and be pleased at the progress that has been made. In a short time, Adriana is rapidly becoming a credible and potentially world-class mining company. The company is confident that by continuing to capitalize on their strengths they will achieve the objectives set for them to the benefit of all shareholders and stakeholders.
ADRIANA WEB PAGE
|Shares Outstanding ||72,707,945 |
(exercise prices between $0.26 and $1.36)
|Convertible Debentures |
(Exercise Prices (See Note 1 below))
|Fully Diluted ||92,224,054 |
(1)$6,450,000 debenture convertible into common shares at $0.90 per share on or before September 10, 2010 and $0.99 per share on or before September 10, 2012.$3,550,000 debentures convertible into common shares at $0.90 per share on or before September 10, 2010 and $0.99 per share on or before September 10, 2011.
ADRIANA RESOURCES INC.FILINGS & PUBLIC DOCUMENTS with SEDAR
NATIONAL INSTRUMENT 43-101
RAW MATERIALS CHARTS
CURRENT VANADIUM PRICES