Adroit Resources Inc.: Shares for $448,801 Debt Agreed
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/06/12 -- Adroit Resources Inc. (TSX VENTURE: ADT)(FRANKFURT: A7V)(BERLIN: A7V) Management is pleased to announce that the company has arranged to settle debts totaling $448,801 by issuing 8,976,020 common shares at a deemed price of $0.05 per share.
Included in this settlement is $395,631 owed under Loan and Purchase Agreements entered into by former management on October 12, 1999 with a private company and its shareholders to fund legal costs associated with litigation commenced against the B.C. Government for the expropriation of the Company's Amber mineral claims in 1995. Subsequent to the Company entering into the Loan and Purchase Agreements, a director of the private company became a director and senior officer of the Company. That director will become the beneficial owner of 2,576,220 common shares on completion of the proposed debt settlement. The proposed debt settlement is subject to TSX Venture Exchange acceptance. All shares issued pursuant to the debt settlement will be subject to a four month hold period.
Adroit Resources Inc. 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 Shining Tree/Temagami/Cobalt and Bancroft areas of Ontario, Canada. The Company's issued and outstanding share capital is 135,295,191. On the issue of the settlement shares, The Company's issued and outstanding share capital will become 144,271,211.
On behalf of the Board of Directors,
Graeme Rowland, Chairman and President
Note: The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Adroit Resources Inc.
Graeme Rowland
Chairman and President
(604) 688-3304
Blackwell
Corporate Advisor
(416) 364-3123
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Datum: 06.01.2012 - 21:21 Uhr
Sprache: Deutsch
News-ID 101824
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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