Adroit Resources Inc.: Oversubscribed $1,020,000.00 Private Placement Closed
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/13/11 -- Adroit Resources Inc. (TSX VENTURE: ADT)(FRANKFURT: A7V)(BERLIN: A7V) -
Management is pleased to announce that the Company has closed its non-brokered private placement announced on May 27th, 2011. The private placement has been oversubscribed by $20,000.00 and therefore consists of 102 units at C$10,000.00 per unit. Each unit consists 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$0.15 per share in the first four months, at a price of C$0.25 per share in the following eight months and at a price of C$0.35 per share in the final year.
The funds will be used for exploration purposes on the Company's projects in Ontario, Canada and in Grosseto Province, Italy and for general corporate purposes.
Finder's fees of $43,200.00, 304,000 shares and 736,000 two year, non-transferable common share 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.
An insider of the Company has invested $65,000.00 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. In addition, Adroit is seeking new precious, base and strategic metal projects to add to its expanding portfolio. The Company's issued and outstanding share capital on the closing of this private placement is 113,919,192
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 IR - Corporate Advisor)
49 (0)89 416175772
info@pure-ir.de