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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.: Shares for $448,801 Debt Agreed

06/01/2012 8:21pm

Marketwired Canada


Adroit Resources Inc. (TSX VENTURE:ADT)(FRANKFURT:A7V)(BERLIN:A7V) Management is
pleased to announce that the company has arranged to settle debts totaling
$448,801 by issuing 8,976,020 common shares at a deemed price of $0.05 per
share. 


Included in this settlement is $395,631 owed under Loan and Purchase Agreements
entered into by former management on October 12, 1999 with a private company and
its shareholders to fund legal costs associated with litigation commenced
against the B.C. Government for the expropriation of the Company's Amber mineral
claims in 1995. Subsequent to the Company entering into the Loan and Purchase
Agreements, a director of the private company became a director and senior
officer of the Company. That director will become the beneficial owner of
2,576,220 common shares on completion of the proposed debt settlement. The
proposed debt settlement is subject to TSX Venture Exchange acceptance. All
shares issued pursuant to the debt settlement will be subject to a four month
hold period.


Adroit Resources Inc. 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 Shining Tree/Temagami/Cobalt and Bancroft areas of
Ontario, Canada. The Company's issued and outstanding share capital is
135,295,191. On the issue of the settlement shares, The Company's issued and
outstanding share capital will become 144,271,211.


On behalf of the Board of Directors,

Graeme Rowland, Chairman and President

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