Adriana Announces Grant of Incentive Stock Options
TORONTO, ONTARIO -- (Marketwire) -- 01/16/12 -- Adriana Resources Inc. ('Adriana' or the 'Company') - (TSX VENTURE: ADI) announces that that it has granted incentive stock options to Directors, Officers, Employees and Consultants of the Company to purchase up to 2,275,000 common shares in the capital stock of the Company subject to regulatory approvals. The options are exercisable at a price of $1.04 per share, have a term of five years and are subject to vesting restrictions.
ON BEHALF OF ADRIANA RESOURCES INC.
Allen J. Palmiere, President and CEO
Certain information regarding the Company may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements and caution should be exercised in placing undue reliance on forward looking information.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Contacts:
Adriana Resources Inc.
Allen J. Palmiere
President & CEO
apalmiere@adrianaresources.com
Adriana Resources Inc.
Connie Dos Santos
Director, Investor Relations
416-363-2200 ext. 223
cdossantos@adrianaresources.com
www.adrianaresources.com