FRANKFURT: AORLB8; OTCBB: ADENF
ADIRA ENERGY ANNOUNCES THE GRANTING OF OPTIONS
Toronto, Ontario, January 28, 2010 / CNW ADIRA ENERGY LTD. (OTCBB: ADENF;
FRANKFURT: AORLB8) . Adira Energy Ltd. (“ Adira ” or the “ Company ”) announced today that it has
granted an aggregate of 1,820,000 stock options to certain directors, executive officers and consultants of the
Company on January 27, 2010. The options have an exercise price of U.S. $0.60 per share, subject to various
vesting and termination provisions, and expire January, 2015.
About Adira Energy Ltd.
Adira Energy Ltd. explores for oil and gas in and offshore Israel. It has three petroleum exploration licenses; the
Eitan, Gabriella and Yitzhak Licenses, collectively covering an aggregate total of approximately 160,500 acres.
These licenses are located respectively on-shore in the Hula Valley of Northern Israel, 10 km offshore between
Netanya and Ashdod and 17 km offshore between Hadera and Netanya.
For more information contact:
Forward-Looking Statement Disclaimer
This press release includes certain statements that may be deemed “forward-looking statements”. All statements
in this press release, other than statements of historical facts, are forward-looking statements. Although the
Company believes the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance, and actual results or developments may
differ materially from those in the forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include the failure of investors who are believed to have
committed to the financings to complete them as a result of general market conditions, adverse developments
unique to such investors, or otherwise. Accordingly, the actual amounts raised may differ materially from those
projected in the forward-looking statements. For more information on the Company, investors should review t