MINNEAPOLIS, MINNESOTA--(Marketwire - Jan. 3, 2013) - Since the date of its most recent report filed pursuant to the early warning reporting requirements of Canadian securities laws, certain limited partnerships managed by Whitebox Advisors, LLC (the "Whitebox LPs") have sold an aggregate of 510,861 common shares (the "Common Shares") of Adanac Molybdenum Corporation (the "Issuer").