A$40M PLACEMENT FOR
PROJECT DEVELOPMENT
Adamus Resources Limited
(?Adamus?) (ASX:ADU) is pleased to announce the placement of 115 million
new shares at $0.35 per share to raise gross proceeds of $40.25 million.
The
placement was keenly sought by both professional and sophisticated
investors in Australia, Asia and Europe. Helmsec Global Capital Limited
acted as Lead Manager for the Placement. The shares are to be issued in
accordance with shareholder approval obtained on 24 July 2009.
Adamus?
Managing Director Mark Bojanjac said:
?The
quality of the institutional investors joining our share register in this
share placement is testament to the quality of our team?s work to date on
the Southern Ashanti Gold Project (?SAGP?) in Ghana.?
?Adamus now
looks forward to developing the SAGP for mining in a timely and efficient
manner. We are also well advanced adding key engineering and project
management personnel to our team for this purpose.?
In addition the Company has
received and is currently negotiating a number of offers for bank finance
to complement its capital requirements. Finalisation of the final debt /
equity package is expected in the near term.
For further information please contact :
Mark Bojanjac
Managing Director / CEO
Email : mark@adamusresources.com.au
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