Adanac Molybdenum Corporation AUAYF

RE: re ;question for the warrant holders

[grumpymonkey007]

According Standard and Poor's 22 Sep 07 The company has approximately 28,344,847 warrants outstanding with exercise prices between C$0.75 and C$3.00 per share. All of the C$1.50 warrants, approximately 13,377,310, are expected to be exercised on or prior to the expiry dates ranging from December 14, 2007 to February 3, 2008, amounting to potential proceeds of C$20.1 million. Recent Developments On April 18, 2007, Adanac Molybdenum announced that it had completed its private placement offering of 18.2 million units, including overallotments, at C$1.90 per unit for aggregate proceeds of C$34.5 million on a bought deal basis.