Adroit Resources Inc.: Private Placements Closed for $536,000 Total
Flow Through Private Placement for $36,000
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/08/12 -- Adroit Resources Inc. (TSX VENTURE: ADT) (FRANKFURT: A7V) (BERLIN: A7V) - Management is pleased to report that the Company has closed a $36,000 flow through private placement. The financing is comprised of 600,000 units @ $0.06 per unit. Each unit is comprised of one common flow through share and one half, two year, transferable ordinary common share purchase warrant. Each warrant entitles the warrant holder to purchase one common share at a price of $0.10 per share in the first six months, at a price of $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 Ontario, Canada.
TSX Venture Exchange approval was received on May 29th, 2012.
Finder's fees of $2,880 and 48,000 two year, non-transferable common share purchase warrants on the same exercise terms will be paid to arms length parties in accordance with TSX Venture Exchange policy with respect to this private placement.
Private Placement for $500,000. Management is pleased to report that the Company has closed a private placing organized by the Company for $500,000. The Company's February 13th, 2012 news release refers. The financing is comprised of 100 units at $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 $0.10 per share in the first six months, at a price of $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.
TSX Venture Exchange approval was received on June 6th, 2012.
Two insiders of the Company have invested a total of $70,000 in the private placement. Finder's fees of $19,600 and 392,000 two year, non-transferable common share purchase warrants on the same exercise terms will be paid to arms length parties in accordance with TSX Venture Exchange policy with respect to this private placement.
Adroit Resources Inc. is a mineral exploration company currently exploring for Gold, Silver and the strategic metal Antimony in Central Italy and diamonds, precious and base metals in the Timmins South/Shinning Tree/Temagami/Cobalt and Bancroft areas of Ontario, Canada. The issued and outstanding shares of the Company following the closings will be 145,895,191.
On behalf of the Board of Directors,
Graeme Rowland
Chairman and President
Neither the 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.
(604) 688-3304
info@adroitresources.ca
www.adroitresources.ca
Blackwell (Corporate Advisor)
(416) 364-3123
blackwell@tcn.net