Adamus Resources Ltd - Private Placement



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

    PERTH, Western Australia, Dec. 17 /CNW/ - Emerging gold producer Adamus
Resources Limited ('Adamus' or 'the Company') (ASX & TSX-V:ADU) has raised
additional funding for exploration and development at its Southern Ashanti
Gold Project in Ghana, West Africa and for general working capital. The funds
have been raised through the private placement of 5 million shares at a price
of A$0.69 per share, to institutional and sophisticated investors outside of
Canada and the United States.
    A commitment fee of 6% of the gross proceeds raised is payable upon
completion of the placement. 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.

    Kind regards.

    (signed)

    Mark Bojanjac
    Managing Director/CEO

    The TSX-V and ASX does 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.




For further information:

For further information: Mark Bojanjac - Managing Director/CEO, +61 8
9322 5943, email: mark@adamusresources.com.au

Organization Profile

ADAMUS RESOURCES LIMITED

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