04:02 PM EST - Adanac Molybdenum Corp. : said that it has implemented measures to curtail its business operations and substantially reduce its operating costs in connection with its overall restructuring. The company said the initial phase of its restructuring included, among other things, reducing employees by about 70%, substantially reducing contractors, demobilizing the Ruby Creek site, eliminating or substantially reducing services provided to the company and repaying a portion of the company's indebtedness to its Senior Secured Creditors. Adanac Molybdenum Corp.
shares T.AUA are trading up $0.003 at $0.05.
