Private Placements. Management is pleased to announce that the Company has reached agreements
ADROIT RESOURCES INC.
(TSXV: ADT & FSE: A7V)
News Release: Private Placements Agreed for C$ 402,800
Dated: February 24th, 2010
Private Placements. Management is pleased to announce that the Company has reached agreements for a non-brokered private placement of 4,028,000 common shares at the price of C$ 0.10 per common share to raise gross proceeds of C$402,800.
The proceeds from this private placement will be used for general working capital, current obligations and the development of mineral properties.
Two insiders of the Company have subscribed a total of C$80,000 of this private placing. Finder’s fees may be paid to arms length parties in accordance with TSX Venture Exchange policy with respect to other portions of the private placement.
Incentive Stock Options: The Company would like to announce that, subject to the approval of the TSX Venture Exchange, it has granted Incentive Stock Options in the aggregate of 2,430,000 shares at a price of $0.10 per share exercisable on or before May 31st, 2014. The options are nontransferable. Any shares issued to “associated consultants” (as that term is defined in B.C. Instrument 45-105) pursuant to the exercise of options held by them will be subject to a four month hold period commencing on the date of grant of the options. Shares issued to executives and employees on the exercise of such options will not be subject to a hold period.
Adroit Resources 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 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 57,598,214 common shares and will be 61,626,214 after the issuance of shares pursuant to these private placements.
On behalf of the Board of Directors
Graeme Rowland
Chairman and President
Adroit Resources Inc.
(604) 688-3304 [email protected] web site: www.adroitresources.ca
Blackwell Investor Relations
(416) 364-3123 [email protected]
Note: The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Suite #510 - 1190 Melville Street, Vancouver, BC V6E 3W1, Canada Tel: (604) 688-3304 - Fax: (604) 682-6038 E-mail: [email protected] - Web Site: www.adroitresources.ca