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Gold/Mining/Energy : The Molybdenum Discussion Board

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From: Condor10/19/2005 6:36:53 PM
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Adanac 4,136,364-share private placement

Adanac Moly Corp (TSX-V:AUA)
Shares Issued 35,995,489
Last Close 10/19/2005 $0.59
Wednesday October 19 2005 - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 29, 2005, Sept. 23, 2005 and Oct. 4, 2005.

No. of shares: 4,136,364

Price: 55 cents per share

Warrants: For 4,136,364 shares

Warrant price: 65 cents for a one-year period

Placees: 126 placees participated

Insiders: Mike MacLeod 200,000; Elston Johnston 10,000; Dan Koyich 30,000; David Kwok 30,000; and Larry Reaugh 49,862

Pro group: Patricia O'Neill 25,000

Finders' fees: Global Maxfin Capital Inc. (Don Harrington) $7,150; Commerce Capital Inc. (Janet Turner) $14,850; Ron Kolman $22,760; Carol Morgan $9,900; Mike Hoy $19,750; Canaccord Capital Corp. $5,390; Dundee Securities Corp. $5,087; Eli Stratulat $2,750; Ken Reser $2,750; Raymond James Ltd. $2,750; Gabriella Gates $2,200; Charles Ducharme $5,500; Tom Kennedy $11,000; and AHR Consultants (Arnold Rossen) $3,850

© 2005 Canjex Publishing Ltd.
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