VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 21, 2005) - Adriana Resources Inc. (the "Company") (TSX VENTURE:ADI) is pleased to announce it has closed a non-brokered private placement for gross proceeds of $602,375. The private placement consisted of 926,730 units priced at $0.65 per unit. Each unit consists of one common share and one-half warrant. Each whole warrant is exercisable for a period of one year to acquire one common share at a price of $0.80 per share. The shares and warrants underlying the units are subject to hold periods in accordance with TSX Venture Exchange (the "Exchange") policies and applicable securities laws. The Company paid a commission of 8% in units, or 52,184 units, and issued 52,184 broker warrants exercisable at $0.80 for a period of one year, on funds sourced to eligible finders in respect of certain units placed under the financing. Insiders purchased 127,723 units of the private placement. Proceeds of the financing will be used for general working capital.
Information concerning the Company is also available on Pacific Imperial's website at www.pacificimperial.com.
ON BEHALF OF ADRIANA RESOURCES INC.
Michael J. Beley, President
This release includes certain statements that may be deemed "forward-looking statements". Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Adriana Resources Inc.