VANCOUVER, Sept. 10 /CNW/ - Jimmy Jianming Wen was deemed to beneficially
own 10,294,455 common shares of Adriana Resources Inc. (the "Company") or
approximately 14.2% of the issued and outstanding shares of the Company before
September 8th, 2009. On September 8th, 2009, Olive Chen acquired control of Li
Qin Investment Company Ltd ("Li Qin"), a corporation which owns 3,943,681
common shares of Adriana Resources Inc. The value of Cdn$0.55 was ascribed to
each share of the Company in the process of arriving at the total
consideration paid for Li Qin. As Ms. Chen may be a deemed joint actor with
Jimmy Jianming Wen, following the completion of the acquisition of control of
Li Qin, Mr. Wen can be deemed to beneficially own an aggregate of 14,238,136
common shares of the Company indirectly through Li Qin, World-Link
International (Holdings) Ltd. ("World-Link International"), WorldLink (Canada)
Resources Ltd. ("WorldLink Canada") and Beijing Sino-Harmony Import & Export
Co. Ltd. ("Beijing Sino"). The aggregate shares so owned represent
approximately 19.65% of the issued and outstanding common shares of the
Company as of the date of acquisition. Each of World-Link International,
WorldLink Canada and Beijing Sino hold 3,431,485 common shares of the Company
and Li Qin holds 3,943,681 common shares of the Company and each is a company
controlled by Mr. Wen or possibly a joint actor with Mr. Wen and therefore can
be considered as a joint actor with Mr. Wen.
Ms. Chen acquired Li Qin for investment purposes pursuant to a share
The issuance of this news release is not an admission that Ms. Chen or Li
Qin is acting jointly or in concert with Mr. Wen. Mr. Wen may increase or
decrease his beneficial ownership of the Company's securities depending on
future economic or market conditions.
A copy of the Early Warning Report has been filed with applicable
securities commissions and can be found at www.sedar.com.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Jimmy Jianming Wen, A-1801 Vantone Centre No
6A, Chaowei Daijie, Chaoyang District, Beijing, China