Private Placement to Raise up to $1,000,000
News Release – July 6th, 2011 PRIVATE PLACEMENT TO RAISE UP TO $1,000,000
Vancouver, Canada, July 6th, 2011. Private Placement. Management is pleased to report that the Company has agreed to raise up to $1,000,000 in a new private placement. The financing is comprised of up to 100 units at C$10,000.00 per unit, for gross proceeds of up to C$1,000,000. 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$0.15 per share in the first four months, at a price of C$0.25 per share in the second eight months and at price of $0.35 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. 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 is 113,919,192.
On behalf of the Board of Directors,
Graeme Rowland
Chairman and President
Adroit Resources Inc. 510 – 1190 Melville Street, Vancouver, B.C., V6E 3W1 (604) 688-3304 [email protected] web site: www.adroitresources.ca
Blackwell (Corporate Advisor) Pure Investor Relations (German IR-Corporate Advisor) (416) 364-3123 (0) 89-416-175-772 [email protected] [email protected]
Note: The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.