Acadian Mining Corporation ADAIF

warrants, a blessing and a curse

[maldoror]

ADA has been receiving information through their transfer agent that warrants are being exercised. Last Friday, about 1 million warrants that were in the money, expired, so the assumption has to be that these got exercised, putting money into ADA's treasury. One can safewly assume that most of the stock emanating from the warrants has been sold. It looks as if there are still about 4 million in the money warrants outstanding that can be exercised now. The December 2005 warrants can only be exercised sometime in April 2006. More details on this will follow. In December 2005, 14 million warrants expired out of the money. Maldoror.