Private Placement Agreed to Raise $185,000
News Release – September 28th, 2012 PRIVATE PLACEMENT AGREED TO RAISE $185,000
Vancouver, Canada, September 28th, 2012. Private Placement. Management reports that the Company has agreed to raise C$185,000 in a new private placement. The new financing is comprised of 37 units at C$5,000.00 per unit, for gross proceeds of C$185,000. Each unit will be comprised of one hundred thousand (100,000) common shares and fifty thousand (50,000) three year, transferable, purchase warrants. Each warrant entitles the purchaser to purchase one common share at a price of C$0.08 per share in the first six months, at a price of C$0.15 per share in the next eighteen months and at price of C$0.25 in the last twelve months.
The funds are for use in the exploration of the Company’s properties in Ontario, its Italian Antimony project and for general working capital.
An insider of the Company is investing $27,000 in this private placement.
The new 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.
Adroit Resources Inc. is a mineral exploration company that is currently exploring for antimony, gold and silver in Central Italy and precious and base metals in the Timmins, South/Shining Tree/Temagami/Cobalt and Bancroft areas of Ontario, Canada. The Company currently has 154,703,209 shares issued and outstanding. On completion of this private placement, the Company’s issued and outstanding shares will be 158,403,209.
On behalf of the Board of Directors,
Graeme Rowland
Chairman and President
Adroit Resources Inc. 510 – 1190 Melville Street, Vancouver, B.C., V6E 3W1 (604) 688-3304 [email protected] web site: www.adroitresources.ca
Blackwell (Corporate Advisor)
(416) 364-3123 [email protected]
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