| | Business Summary | | Adrian
Resources
Ltd.
is
engaged
in
the
acquisition,
exploration,
exploration
management,
development
and
sale
of
mineral
properties.
Adrian
primarily
focuses
on
the
exploration
and
development
of
its
Cerro
Petaquilla
concession
(the
Petaquilla
Property)
and
other
mineral
properties
in
the
Republic
of
Panama.
Adrian's
aggregate
52%
interest
in
the
Petaquilla
Property
is
held
through
Minera
Petaquilla,
S.A.
The
affairs
of
Minera
Petaquilla,
S.A.
are
governed
by
a
shareholders
agreement
between
Adrian
and
its
wholly
owned
indirect
Panamanian
subsidiary,
Georecursos
Internacional,
S.A.,
Inmet
Mining
Corporation
and
its
wholly
owned
Panamanian
subsidiary,
Minnova
(Panama)
Inc.,
Teck
Corporation
and
its
wholly
owned
Panamanian
subsidiary,
Minera
Teck
Panama,
S.A.
and
Minera
Petaquilla,
S.A. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Adrian
Resources
Ltd.
is
engaged
in
the
acquisition,
exploration,
management,
development
and
sale
of
mineral
properties
and
has
not
yet
determined
whether
its
properties
contain
ore
reserves
that
are
economically
recoverable.
For
the
three
months
ended
4/30/01,
the
Company
reported
no
revenue.
Net
loss
fell
97%
to
C$22
thousand.
Results
reflect
the
absence
of
a
C$13
thousand
rent
expense,
lower
wages
and
benefits
and
a
higher
gain
on
foreign
exchange. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY1999 Pay | |
| Chet Idziszek
Pres,
CEO | $185K | David Mallo
Exec.
VP - Exploration | 134K | James Stewart
Sec.,
Gen. Counsel | 134K | | Dollar amounts are as of 31-Jan-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/a/adrrf.ob.gif)