By Sheri Kasprzak
New York, April 20 - Adroit Resources Inc. has negotiated a C$1,630,500 private placement of units.
The company intends to issue 5,435,000 units at C$0.30 each.
The units consist of one share and one warrant. The warrants are exercisable at C$0.50 each for the first year and at C$0.60 each for the second year.
Proceeds will be used for the development of the company's mineral properties, particularly those in Italy, as well as for working capital.
Vancouver, B.C.-based Adroit is a mineral exploration company focused on diamonds, precious metals and base metals.
| Issuer: | Adroit Resources Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1,630,500
|
| Units: | 5,435,000
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| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.50 for the first year; C$0.60 for the second year
|
| Pricing date: | April 20
|
| Stock symbol: | TSX Venture: ADT
|
| Stock price: | C$0.35 at close April 20
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