Jan 20 (Reuters) - Adanac Molybdenum Corp:
* Says initial phase of restructuring included reducing employees by about 70 percent
* Says to continue to seek investors for development of Ruby Creek project
* Says to further reduce operating costs by consolidating head and Engineering offices
* Says concurrently seeking opportunities relating to sale of co or its assets
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says initial phase of restructuring included reducing employees by about 70 percent
* Says to continue to seek investors for development of Ruby Creek project
* Says to further reduce operating costs by consolidating head and Engineering offices
* Says concurrently seeking opportunities relating to sale of co or its assets
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.