Adroit Resources Inc.: Private Placement to Raise Up to C$600,000
29 September 2011 - 2:19AM
Marketwired
Adroit Resources Inc. (TSX VENTURE: ADT)(FRANKFURT: A7V)(BERLIN:
A7V) -
Private Placement. In further response to poor market
conditions, management reports that the Company has agreed to raise
up to C$600,000 in a new private placement. The financing announced
on August 30, 2011 is cancelled and subscribers to that financing
are being offered participation in the new financing. The new
financing is comprised of up to 120 units at C$5,000.00 per unit,
for gross proceeds of up to C$600,000. Each unit will be comprised
of one hundred thousand (100,000) common shares and fifty thousand
(50,000) common share, two year, transferable, purchase warrants.
Each full warrant entitles the purchaser to purchase one common
share at a price of C$0.10 per share in the first six months, at a
price of C$0.15 per share in the second six months and at price of
C$0.25 in the last year.
The funds are for use in the exploration of its Red Vein VMS
Copper/Zinc property in Ontario, its Italian Antimony project and
general working capital.
The new private placement is subject to regulatory approval. A
finder's fee may be payable in connection with this private
placement in accordance with the policies of the TSX Venture
Exchange.
Adroit Resources Inc. is a mineral exploration company currently
exploring for Gold, Silver and especially the strategic metal
Antimony in Central Italy and diamonds, precious and base metals in
the Temagami/Cobalt and Bancroft areas of Ontario, Canada. In
addition, Adroit is seeking new precious, base and strategic metal
projects to add to its expanding portfolio. The Company's issued
and outstanding share capital is 113,919,192.
On behalf of the Board of Directors,
Graeme Rowland
Chairman and President
Note: The TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Adroit Resources Inc. (604) 688-3304
info@adroitresources.ca www.adroitresources.ca Blackwell (Corporate
Advisor) (416) 364-3123 blackwell@tcn.net Pure Investor Relations
(German IR - Corporate Advisor) +49 (0)89 416175772
info@pure-ir.de
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