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ADT

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Share Name Share Symbol Market Type
TSXV:ADT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Adroit Resources Inc.: Oversubscribed $1,020,000.00 Private Placement Closed

13/06/2011 9:56pm

Marketwired Canada


Adroit Resources Inc. (TSX VENTURE:ADT)(FRANKFURT:A7V)(BERLIN:A7V) - 

Management is pleased to announce that the Company has closed its non-brokered
private placement announced on May 27th, 2011. The private placement has been
oversubscribed by $20,000.00 and therefore consists of 102 units at C$10,000.00
per unit. Each unit consists 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 C$0.15 per share in the first four months, at a price of C$0.25 per share in
the following eight months and at a price of C$0.35 per share in the final year.


The funds will be used for exploration purposes on the Company's projects in
Ontario, Canada and in Grosseto Province, Italy and for general corporate
purposes.


Finder's fees of $43,200.00, 304,000 shares and 736,000 two year,
non-transferable common share purchase warrants on the same exercise terms have
been paid to arms length parties in accordance with TSX Venture Exchange policy
with respect to this private placement.


An insider of the Company has invested $65,000.00 in this private placement.

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 on the closing of this private placement is
113,919,192


On behalf of the Board of Directors,

Graeme Rowland, Chairman and President

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