ADT

Adroit Resources Inc. (TSX VENTURE:ADT)(FRANKFURT:A7V)(BERLIN:A7V) - 

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

Adroit Resources Inc. (TSXV:ADT)
Historical Stock Chart
From Jun 2024 to Jul 2024

Adroit Resources Inc. (TSXV:ADT)
Historical Stock Chart
From Jul 2023 to Jul 2024