Adroit Resources Inc.: Private Placement for Up to $1,500,000
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/28/10 -- Adroit Resources Inc. (TSX VENTURE: ADT)(FRANKFURT: A7V)(BERLIN: A7V) -
Private Placement: Management is please to announce that, subject to TSX Venture Exchange acceptance, the Company has agreed to raise up to C$1,500,000 for up to 25,000,000 units of one share and one whole warrant by way of private placement organised by the Company. Each whole warrant will be for three years, transferable, and entitle the holder to purchase one additional common share for C$0.10. Finder's fees may be paid to arms length parties in accordance with TSX Venture Exchange policy with respect to the private placement.
The proceeds of this private placement will be used for general working capital, current obligations and, more importantly, the development of mineral properties focusing on the Company's preparations for its planned drilling programmes scheduled for Ontario in the early part of the new year and Italy later in the new year.
Adroit Resources is a mineral exploration company that is currently exploring for Gold, Silver and Antimony in Grosseto Province, Italy and diamonds, precious and base metals in the Temagami/Cobalt/Shining Tree and Bancroft areas of Ontario, Canada and oil and gas in Texas, USA. In addition, Adroit is seeking new precious and base metal projects to add to its expanding portfolio. The Company's issued and outstanding share capital is 68,887,508 common shares.
On behalf of the Board of Directors:
Graeme Rowland, Chairman and President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Adroit Resources Inc.
Graeme Rowland
Chairman and President
(604) 688-3304
(604) 682-6038 (FAX)
info@adroitresources.ca
www.adroitresources.ca and www.goldseiten.de
Blackwell Investor Relations
(416) 354-3123
blackwell@tcn.net