Adamus Resources Limited - A$40M Private Placement For Project Development



    
    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/
    

    PERTH, Western Australia, Aug. 10 /CNW/ - Adamus Resources Limited
('Adamus' or 'the Company') (ASX & TSX-V:ADU) is pleased to announce the
placement of 115 million new shares at A$0.35 per share to raise gross
proceeds of A$40.25 million ('Placement').
    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.
    Completion of the Placement is subject to regulatory approval, including
approval of the TSX Venture Exchange. The Placement shares will be issued
pursuant to applicable prospectus exemptions.
    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.
    Detailed information on all aspects of the Company, including the Project
can be found on the Company's comprehensive website
www.adamusresources.com.au.

    
    Kind regards

    (signed)

    Mark Bojanjac
    Managing Director/CEO


    The TSX-V and ASX do not accept responsibility for the adequacy or
    accuracy of this release. No stock exchange, securities commission or
    other regulatory authority has approved or disapproved the information
    contained herein.
    

    Caution Regarding Forward Looking Information.
    Certain statements included in this announcement, including information
regarding Adamus' plans with respect to its mineral properties, constitute
forward-looking information. Forward-looking information includes, among other
things, statements regarding expected operations. Forward-looking information
is based upon a number of estimates and assumptions made by the Company in
light of its experience, current conditions and expectations of future
developments, as well as other factors that the Company believes are
appropriate in the circumstances. While these estimates and assumptions are
considered reasonable by the Company, they are inherently subject to business,
economic, competitive, political and social uncertainties and contingencies.
Many factors could cause the Company's actual results to differ materially
from those expressed or implied in any forward-looking information provided by
the Company, or on behalf of, the Company. Such factors include, among other
things, risks relating to additional funding requirements, metal prices,
exploration, development and operating risks, competition, production risks,
regulatory restrictions, including environmental regulation and liability and
potential title disputes. Investors are cautioned that forward-looking
information is no guarantee of future performance and, accordingly, investors
are cautioned not to put undue reliance on forward-looking information due to
the inherent uncertainty therein. Forward-looking information is made as at
the date of this announcement and the Company disclaims any intent or
obligation to update publicly such forward-looking information, whether as a
result of new information, future events or results or otherwise.





For further information:

For further information: Mark Bojanjac, Managing Director/CEO, +61 8
9322 5943, email: mark@adamusresources.com.au; Mark Connelly, Executive
Director/COO, +61 8 9322 5943, email: mark.connelly@adamusresources.com.au;
For media enquiries contact: Brian Thornton, Farrington National, +61 2 9332
4448, email: bt@farrington.com.au

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ADAMUS RESOURCES LIMITED

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