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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.: Private Placement Increased to C$300,000 and Skynner Lake Purchase Agreement Terminated

23/12/2011 6:45pm

Marketwired Canada


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

Private Placement. Management is pleased to report that the Company has received
and accepted three further private placement subscription agreements for a total
of $25,000 from European investors thereby increasing the $275,000 private
placement announced on December 19th, 2011 to a total of $300,000. The total
financing is comprised of 60 units at C$5,000.00 per unit. Each unit is
comprised 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$0.10
per share in the first six months, at a price of C$0.15 per share in the
following six months or at price of $0.25 per share in the final year.


Two insiders of the Company have invested a total of $35,000.00 in this private
placement. The 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.


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


Skynner Lake Purchase Agreement Terminated. The Vendor, Agent and the Company
mutually terminated the purchase agreement announced by the Company on December
14th, 2010 as a result of the parties being unable to come to mutually agreeable
terms.


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
128,221,858. On the closing of the new private placement, the issued and
outstanding share capital will be 134,221,858.


On behalf of the Board of Directors,

Graeme Rowland, Chairman and President

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