VANCOUVER, BRITITSH COLUMBIA -- (Marketwire) -- 08/30/11 -- Adroit Resources Inc. (TSX VENTURE: ADT)(FRANKFURT: A7V)(BERLIN: A7V) -
Private Placement. In response to poor market conditions, management reports that the Company has agreed to raise up to $600,000 in a new private placement. The financing announced on July 6, 2011 is cancelled and subscribers to that financing are being offered participation in the new financing. The new financing is comprised of up to 100 units at C$6,000.00 per unit, for gross proceeds of up to C$600,000. Each unit will be comprised of one hundred thousand (100,000) common shares and fifty thousand (50,000) common share, two year, transferable, purchase warrants. Each full warrant entitles the purchaser 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 second six months and at price of $0.25 in the last year.
The funds are for use in the exploration of its Red Vein VMS Copper/Zinc property in Ontario, its Italian Antimony project and general working capital.
The new private placement is 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.
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 behalf of the Board of Directors,
Graeme Rowland, Chairman and President
Note: 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.
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