Adroit Resources Inc.: $500,000 Private Placement Closed
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/29/11 -- 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
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) 688-3304
info@adroitresources.ca
www.adroitresources.ca
Blackwell - Corporate Advisor
(416) 364-3123
blackwell@tcn.net
Pure Investor Relations - German Corporate Advisor
49 (0)89 416175772
info@pure-ir.de
