Private Placements. Management is pleased to announce that the Company has completed it’s non-
ADROIT RESOURCES INC.
(TSXV: ADT & FSE: A7V)
News Release: ADROIT CLOSES $403,800 PRIVATE PLACEMENT
Dated: March 17th, 2010
Private Placements. Management is pleased to announce that the Company has completed it’s nonbrokered private placement of 4,038,000 common shares at the price of C$0.10 per common share to raise gross proceeds of C$403,800. The private placement has increased by 10,000 shares since it was first announced on February 24th, 2010.
The proceeds from this private placement will be used for general working capital, current obligations and the development of mineral properties.
All shares issued in connection with the private placement are subject to a four month hold period expiring on July 17th, 2010. The TSX Venture Exchange has accepted the Company’s filing in respect of this private placement.
Insiders of the Company have subscribed for $80,000.00. Finder’s fees of 150,000 common shares at a price of $0.10 per share, 90,000 warrants at a price of $0.10 and CAD$6,730.00 were paid to arms length parties in accordance with TSX Venture Exchange Policy.
Adroit Resources 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 Temagami and Bancroft areas of Ontario, Canada and oil and gas in Texas, USA. In addition, Adroit is seeking new precious and base metal projects and oil and gas prospects to add to its expanding portfolio. The Company’s issued and outstanding share capital is 61,786,214.
On behalf of the Board of Directors
Graeme Rowland
Chairman and President
Adroit Resources Inc.
(604) 688-3304 [email protected] web site: www.adroitresources.ca
Blackwell Investor Relations
(416) 364-3123 [email protected]
Note: The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Suite #510 - 1190 Melville Street, Vancouver, BC V6E 3W1, Canada Tel: (604) 688-3304 - Fax: (604) 682-6038 E-mail: [email protected] - Web Site: www.adroitresources.ca