Adanac Molybdenum Corporation is listed on the TSX and Frankfurt exchanges and owns the Ruby Creek Molybdenum Project in Northern British Columbia. The Company has advanced the project through feasibility studies, a production decision and has previously ordered long-lead equipment, completed permitting for construction, constructed a road to the site and secured US$80 million in bridge financing.
Pursuant to an Order of the British Columbia Supreme Court made December 19, 2008, Adanac Molybdenum Corporation obtained protection from its creditors under the Companies’ Creditors Arrangement Act. By Order dated January 16, 2009, this relief was extended until April 3, 2009. Further information, including copies of the December 19, 2008 and January 16, 2009 Orders, can be found on the website of KPMG Inc. at www.kpmg.ca/adanac
