VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 20, 2012) - Adroit Resources Inc. (TSX VENTURE:ADT.V - News)(FRANKFURT:A7V.F - News)(BERLIN:A7V.F - News) - Management is pleased to report that the Company has received subscription agreements for $500,000 in a private placing organised by the Company. The Company's February 3rd, 2012 news release refers. The financing is comprised of up to 100 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.
One insider of the Company has invested a total of $20,000 in the 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.
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 Timmins South/Shinning Tree/Temagami/Cobalt and Bancroft areas of Ontario, Canada. The issued and outstanding share capital of the Company is 135,295,191 and on the closing of this private placement will be 145,295,191.
On behalf of the Board of Directors,
Graeme Rowland, Chairman and President
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 release.
- TSX Venture Exchange