Adroit Acquires Mineral Properties in Quebec.
News Release-October 22, 2015
ADROIT ACQUIRES MINERAL PROPERTIES IN QUEBEC.
Vancouver BC – Adroit Resources Inc. (ADT: TSXV) (“the Company”) is pleased to announce the acquisition of mineral properties in Quebec from Skyworld Holdings Limited. The terms of the acquisition include:
- Skyworld will receive $15,000 upon signing of a Definitive Agreement;
- Skyworld will receive $10,000 each year for three years for a total of $30,000 starting in the year following the year of the initial $15,000 payment and the signing of the definitive agreement;
- Adroit will issue 400,000 post consolidated shares to Skyworld upon the closing of the transaction;
- Adroit will issue 500,000 additional shares per year each year for three years for a total of 1,500,000 shares, starting in the year following the year after the closing of the transaction.
A finder’s fee will be paid in post consolidated shares to an arm’s length third party in connection with this transaction.
As previously announced, Adroit will be undertaking a share consolidation of 10 for 1 (see news release of October 16, 2015).
Skyworld is a private Ontario based company controlled by Ms. Lynn Norris.
The Carheil property being acquired from Skyworld encompasses approximately 5,400 acres, 100% owned contiguously, subject to a 3% NSR. The property is located approx. 280km NNW of Val-d’Or, Quebec and approx. 20km east of BHP Billiton Ltd’s past producing Selbai Zinc mine. Part of the property (360 acres) was formerly explored by Noranda Exploration Co. Ltd. (Noranda), including a geophysical survey in August 1975.
A historical, non-43-101 compliant, geophysical survey report was filed with Quebec Ministry of Natural Resources, report number GM: 31366. The historical data therein was obtained by previous operators. Adroit has not completed the work necessary to verify the results and is not treating the results as 43-101 compliant. The property will require considerably further evaluation which Adroit intends to carry out in due course.
The acquisition will be subject to approval of the TSX Venture Exchange.
Mr. Johan Grandin states “The acquisition of the Carheil properties in Quebec fits very well with Adroit’s present properties in Cobalt and in Ontario. The potential for mineral properties in these areas are very prospective.”
Adroit Resources Inc.
ON BEHALF OF THE BOARD OF DIRECTORS
“Johan Grandin”
Johan Grandin
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 news release.