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Grants Incentive Stock Options
posted on
May 25, 2009 07:57AM
May 25, 2009
Adriana Grants Incentive Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 25, 2009) - Adriana Resources Inc. ("Adriana" or the "Company") (TSX VENTURE:ADI)(WKN:A0F7EL) announces that it has granted incentive stock options to directors and an employee of the Company to purchase up to 1,100,000 common shares in the capital stock of the Company pursuant to a Share Option Plan approved by shareholders. The options are exercisable at a price of $0.26 per share, have a term of five years and are subject to vesting restrictions over a period of 18 months.
About Adriana Resources Inc.
Adriana's goal is to become a fully integrated iron ore producer through continued development of its iron ore port facility in Brazil, through acquisition of iron ore mineral resources in Brazil, and the advancement of the Lac Otelnuk Iron Project in Quebec, Canada.
