Adroit Resources Inc.

Adroit Resources Inc.

December 21, 2010 16:59 ET

Adroit Resources Inc.: $500,000.00 Private Placement Closed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2010) - Adroit Resources Inc. (TSX VENTURE:ADT)(FRANKFURT:A7V)(BERLIN:A7V) -

Private Placement Closed. Management is pleased to announce that the Company has closed a non-brokered private placement of 3,333,333 $0.15 cent units of one common share and one transferable, three year warrant exercisable at the price of C$0.20 per common share to raise gross proceeds of $500,000.00. 

The proceeds from this private placement will be used for general working capital, current obligations and the development of mineral properties.

Finder's fees may be paid to arms length parties in accordance with TSX Venture Exchange policy with respect to the private placement.

Incentive Stock Options. The Company is also pleased to announce that it has granted Incentive Stock Options to directors, officers and employees exercisable to purchase up to an aggregate of 500,000 shares for $0.25 per share until May 31st, 2014. The options are non-transferable. Any share issued to "associated consultants" (as that term is defined in B.C. Instrument 45-105) pursuant to the exercise of options held by them will be subject to a four month hold period commencing on the date of grant of the options. Shares issued to other optionees on the exercise of such options will not be subject to a hold period. The grant of options is subject to acceptance by the TSX Venture Exchange.

Adroit Resources is a mineral exploration company that is currently exploring for Gold, Silver and Antimony in Grosseto Province, Italy and diamonds, precious and base metals in the Timmins, Shinning Tree, Temagami, Cobalt and Bancroft areas of Ontario, Canada. In addition, Adroit is seeking new precious and base metal projects to add to its expanding portfolio. The Company's issued and outstanding share capital is 94,486,716 common shares rising to 97,820,049 on the issue of shares in respect of the above closed private placement.

On behalf of the Board of Directors

Graeme Rowland, Chairman and President

Adroit Resources Inc.

Neither 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.

Contact Information