Adroit Resources Inc.: Corporate Update
23.11.2010 | Marketwire
Vancouver, British Columbia -- (Marketwire) -- 11/23/10 -- Adroit Resources Inc. (TSX VENTURE: ADT) (FRANKFURT: A7V) (BERLIN: A7V) - Convertible Loan Financing Repaid. Management is pleased to report that the CDN$500,000 loan financing, first announced in the Company's August 8, 2007, has been fully repaid. The loan financing consisted of two loan agreements, each for CDN$250,000. The first loan agreement was converted into shares at fifteen cents, the Company's September 20th, 2010 news release refers, and the second loan agreement was fully repaid in cash.Doctor Mehmet Taner, Eng., Ph.D. Management is pleased to announce the appointment of Doctor Taner, a Qualified Person under the guidelines of National Instrument 43-101, as the Company's Qualified Person for reporting purposes in Canada.
Finder's Fee Amendment. With respect to the Company's recently closed 25,000,000 unit private placement, we wish to advise that the finder's fee warrants payable to Canaccord Genuity Corp. are 723,000 three year non-transferable warrants exercisable at $0.10 and not the previously stated 433,800 two year non-transferable warrants exercisable at $0.10.
Adroit Resources Inc. is a mineral exploration company that is currently exploring for Gold, Silver and Antimony in Central Italy and diamonds, precious and base metals in the Temagami/Cobalt and Bancroft areas of Ontario, Canada and oil and gas in Texas, USA. In addition, Adroit is seeking new precious and base metal projects and oil and gas prospects to add to its expanding portfolio. The Company's issued and outstanding share capital is 94,486,716.
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.
(604) 688-3304
(604) 682-6038 (FAX)
info@adroitresources.ca
www.adroitresources.ca
Blackwell Investor Relations
(416) 364-3123
blackwell@tcn.net