ADT

Adroit Resources Inc. (TSX VENTURE:ADT)(FRANKFURT:A7V)(BERLIN:A7V) - Management
is pleased to report that the Company has closed a $36,000 flow through private
placement. The financing is comprised of 600,000 units @ $0.06 per unit. Each
unit is comprised of one common flow through share and one half, two year,
transferable ordinary common share purchase warrant. Each warrant entitles the
warrant holder to purchase one common share at a price of $0.10 per share in the
first six months, at a price of $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 Ontario, Canada.


TSX Venture Exchange approval was received on May 29th, 2012.

Finder's fees of $2,880 and 48,000 two year, non-transferable common share
purchase warrants on the same exercise terms will be paid to arms length parties
in accordance with TSX Venture Exchange policy with respect to this private
placement.


Private Placement for $500,000. Management is pleased to report that the Company
has closed a private placing organized by the Company for $500,000. The
Company's February 13th, 2012 news release refers. The financing is comprised of
100 units at $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 $0.10 per share in the first six months,
at a price of $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.


TSX Venture Exchange approval was received on June 6th, 2012.

Two insiders of the Company have invested a total of $70,000 in the private
placement. Finder's fees of $19,600 and 392,000 two year, non-transferable
common share purchase warrants on the same exercise terms will be paid to arms
length parties in accordance with TSX Venture Exchange policy with respect to
this private placement.


Adroit Resources Inc. is a mineral exploration company currently exploring for
Gold, Silver and the strategic metal Antimony in Central Italy and diamonds,
precious and base metals in the Timmins South/Shinning Tree/Temagami/Cobalt and
Bancroft areas of Ontario, Canada. The issued and outstanding shares of the
Company following the closings will be 145,895,191.


On behalf of the Board of Directors,

Graeme Rowland, Chairman and President

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

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