Adroit Resources Inc.: $450,000 Private Placement Agreed
19 November 2011 - 6:17AM
Marketwired
Adroit Resources Inc. (TSX
VENTURE:ADT)(FRANKFURT:A7V)(BERLIN:A7V)
$450,000 Private Placement Agreed. Management is pleased to
report that the Company has received and accepted private placement
subscription agreements for a total of $450,000 from Matrix
Canadian Resource Fund, managed by Matrix Funds Management (a
division of Growth Works Capital Ltd.) and mainly European
investors. (The Company's September 28, 2011 news release refers).
The financing is comprised of 90 units at C$5,000.00 per unit. Each
unit is comprised of one hundred thousand (100,000) common shares
and fifty thousand (50,000), two year, transferable common share
purchase warrants. Each warrant entitles the warrant holder 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 following
six months or at price of $0.25 per share in the final year.
Three insiders of the Company have invested a total of
$163,000.00 in this private placement. The 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.
The funds will be used for exploration purposes on the Company's
projects in Canada and in Italy and for general corporate
purposes.
President's Comments: "I am particularly delighted to welcome
Matrix Canadian Resource Fund as an investor and sincerely
appreciate the support and confidence of its manager who is
regarded as one of the best resource managers in the country."
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. The
Company's issued and outstanding share capital is 113,919,192. On
the closing of the new private placement, the issued and
outstanding share capital will be 122,919,192.
On behalf of the Board of Directors,
Graeme Rowland, Chairman and President
Note: The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this
release.
Contacts: Adroit Resources Inc. (604)
688-3304info@adroitresources.cawww.adroitresources.ca Blackwell
(Corporate Advisor) (416) 364-3123blackwell@tcn.net Pure Investor
Relations (Corporate Advisor) +49 (0)89
416175772info@pure-ir.de
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