Adroit Resources Inc.: $500,000 Private Placement Closed
30 November 2011 - 8:33AM
Marketwired
Adroit Resources Inc. (TSX VENTURE:ADT)(FRANKFURT:A7V)(BERLIN:A7V)
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Management is pleased to report that the Company's $450,000
private placement which was increased to $500,000 (see news release
November 22nd, 2011) has now been closed. The total financing is
100 units of 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.
The funds will be used for exploration purposes on the Company's
projects in Canada and in Italy and for general corporate
purposes.
Finder's fees of 136,000 shares and 136,000 to year,
non-transferable common shares purchase warrants on the same
exercise terms have been paid to arms length parties in accordance
with TSX Venture Exchange policy with respect to this private
placement.
Insiders of the Company have invested $163,000.00 in this
private placement.
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 now
124,055,192.
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. Graeme Rowland Chairman and
President (604)
688-3304info@adroitresources.cawww.adroitresources.ca Blackwell -
Corporate Advisor (416) 364-3123blackwell@tcn.net Pure Investor
Relations - German Corporate Advisor +49 (0)89
416175772info@pure-ir.de
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