Adroit Resources Inc.: $450,000 Private Placement Increased to $500,000
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/22/11 -- Adroit Resources Inc. (TSX VENTURE: ADT)(FRANKFURT: A7V)(BERLIN: A7V) -
Management is pleased to report that the Company has received and accepted two further private placement subscription agreements totaling $50,000 increasing the $450,000 private placement announced on November 18th, 2011 to a total of $500,000 (the previously announced private placements of July 6th, August 30th & September 28th have been cancelled). The financing is now comprised of 100 units at 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 additional subscriptions into the private placement are subject to regulatory approval. A finder's fee may be payable in connection with this private placement in accordance with the policies of the TSX Venture Exchange.
The funds will be used for exploration purposes on the Company's projects in Canada and in Italy and for general corporate purposes.
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 113,919,192. On the closing of the new private placement, the issued and outstanding share capital will be 123,919,192.
On behalf of the Board of Directors,
Graeme Rowland
Chairman and President
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
