Adroit Resources 1,126,000-share private placement
2004-07-29 16:30 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 9, 2004.
No. of shares: 1,126,000
Price: 37.5 cents per share
Warrants: 1,126,000 exercisable at 50 cents for a one-year period and 60 cents in the second and third year
Placees: Three placees participated
Insiders: RAB Special Situations (William P.S. Richards) one million; and William P.S. Richards 100,000
Shareholder approval will be required prior to the exercise of a sufficient number of warrants held by RAB Special Situations and William P.S. Richards that will result in them jointly holding a control position in the company.