Adroit Engages Meadowbank Asset Management Inc. to Provide Investor Relations Services and Announces Personnel Changes
August 02 2011 - 3:27PM
Marketwired
Adroit (TSX VENTURE: ADT)(FRANKFURT: A7V)(BERLIN: A7V) Engages
Meadowbank Asset Management Inc. to provide Investor Relations
Services and Corporate Update. Management is pleased to announce
that it has entered into an agreement (the "Agreement") with
Meadowbank Asset Management Inc./Gestion D'Actif Meadowbank
("Meadowbank") for the provision of investor relations services.
Meadowbank, based in Toronto, Ontario, is registered as portfolio
manager and exempt market dealer in Ontario and as an exempt market
dealer in Quebec. Meadowbank does not hold any securities in the
Company.
Pursuant to the Agreement, Meadowbank shall provide investor
relations services including, but not limited to, the utilization
of investor and public relations strategies to raise awareness,
target defined audiences, and enhance the profile of the Company;
and the promotion of the Company as an investment opportunity.
The Agreement is effective for a period of twelve (12) months,
commencing August 1, 2011 and provides that Adroit will pay
Meadowbank a monthly fee of CDN$5,000 plus applicable taxes,
payable at the end of each month during the term of the Agreement.
The total cost of the Agreement to Adroit during the 12 month term
will be CDN$60,000 plus approved expenses, unless earlier
terminated upon thirty (30) days written notice consequently also
terminating any outstanding options. In addition, Meadowbank has
been granted 500,000 common share options, exercisable at a price
of $0.10 per common share. The options shall vest twelve months
(12) after August 1, 2011.
The agreement and grant of options is subject to TSX Venture
Exchange (TSXV) approval.
Progressive IR Consultants Corp., formally Adroit's investor
relations provider in Vancouver, have mutually agreed with Adroit
to terminate their agreement. Adroit's news release of November
25th, 2010 refers.
Vice President Marketing Appointed. Management is pleased to
announce the appointment of Miss Catherine Feore to the position of
Vice President Marketing. Catherine has worked in European Affairs
for over 15 years, representing a wide range of organisations. She
has direct experience of working in the European Parliament and was
seconded to the European Commission as a National Expert in Urban
Policy.
Catherine was Head of Office for Greater Manchester for nine
years. During that time she built a partnership of 18
organisations, including, Transport for Greater Manchester, Greater
Manchester Waste, Manchester Airports Group and the Manchester's
Economic Development Agency.
Catherine left Greater Manchester to establish Orpheus Public
Affairs, in 2010. Orpheus has worked for a number of clients
including the European Association for Chemical and Molecular
Sciences, where she helped to develop a Roadmap for the Chemical
Sciences.
She originally studied chemistry before transferring to
political science. Catherine has also completed postgraduate
studies in EC law.
Resignation: Mr James Cross has resigned from the board of
directors and vacated the position of Vice President Corporate
Development.
Incentive Stock Options: Adroit announces the cancellation of
1,700,000 options (1,200,000 exercisable at $0.11 per share and
500,000 options exercisable at $0.25 per share) and, subject to the
TSXV approval, the granting of options to purchase up to 5,650,000
shares at a price of $0.10 per share exercisable on or before May
31, 2014. The options are non-transferable. Any shares issued to
"associated consultants" (as that term is defined in B.C.
Instrument 45-105) pursuant to the exercise of options held by them
will be subject to a four month hold period commencing on the date
of grant of the options. Shares issued to executives and employees
on the exercise of such options will not be subject to a hold
period.
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 Shining Tree, 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 has not reviewed and does not
accept 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) (0) 89-416-175-772
info@pure-ir.de
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