Ann: Placement, page-14

The company had the ability to raise UP TO $5mil, they never went to the market saying they need the full $5mil. Completely different if the company required the full $5mil to make the project work, IT DOESNT!

We all know that the company will progress nicely from here with an extra $4mil in the bank.

It’s worth remembering that there were circa 5 junior explorers all raising money this week and the ADN story is not a simple one to understand for those without a prior understanding of the product and market.

All current shareholders should be more than happy with reduced dilution at the current share price, it will mean a better results in the medium to long term.

With the options conversion of +$8mil and MeP’s 25% contribution to capex required once the decision to mine is made, ADN is in a very strong position to advance on a number of fronts and negotiate formal offtakes and pre payments.

For those having a winge, suck it up or sell out and move on. Those the believe in management’s ability to deliver are genuinely excited that they have additional capital to create signify the value for shareholders with.