MOLYMANIA the race is on Message Board

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Gold/Mining/Energy : MOLYMANIA the race is on

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From: Condor	2/8/2005 12:08:15 AM
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Eyes wide open: Adanac Gold closes 5.8-million-unit financing 2004-07-07 19:20 ET - News Release Mr. Larry Reaugh reports PRIVATE PLACEMENT CLOSES Adanac Gold Corp. has closed its private placement of 5.8 million units at a price of 30 cents per unit, which was reported in Stockwatch on May 13, June 3, June 9 and June 11, 2004. Each unit consists of one common share in the capital of the company and one non-transferable share purchase warrant. Each warrant will entitle the purchaser to purchase one additional share exercisable up to July 7, 2006, at a price of 40 cents per share in the first year and 50 cents per share in the second year. Finder's fees totalling $81,549.50 were paid in connection with the private placement. The shares and any shares issued upon exercise of the warrants shall not trade on or before Nov. 8, 2004, under the B.C. Securities Act and the policies of the TSX Venture Exchange. The company has brought the content of its website at www.adanacgold.com up to date.

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