/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
PERTH, Western Australia, Dec. 23 /CNW/ - Adamus Resources Limited
("Adamus" or the "Company") (TSXV, ASX: ADU) is pleased to announce that it
has completed a private placement of 5,000,000 ordinary shares at an issue
price of A$0.69 per share (the "Shares"). The private placement was previously
announced by press release dated December 17, 2007.
The net proceeds of the private placement will be used for exploration
and development activities at the Company's Southern Ashanti Gold Project in
Ghana and for general working capital purposes.
Pursuant to the rules of the TSX Venture Exchange, the placees have
agreed not to trade the Shares on the TSX Venture Exchange until 25 April
In accordance with the requirements of section 708A(5)(e) of the
Corporations Act 2001 (Commonwealth of Australia), under which this notice is
given, the Company confirms that:
1. the Company issued the Shares without disclosure to investors under
Part 6D.2 of the Corporations Act;
2. as at the date of this notice:
a) the Company has complied with the provisions of Chapter 2M of the
Corporations Act as they apply to the Company;
b) the Company has complied with section 674 of the Corporations Act;
c) there is no information of the kind that would be required to be
disclosed to the ASX under sub-section 713(5) of the Corporations
Act if a prospectus were to be issued in reliance upon section 713
of that Act in relation to an offer of the Company's securities.
Detailed information on all aspects of the Company's exploration
activities can be found on Adamus' comprehensive website
The TSXV 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 in this release.
For further information:
For further information: regarding this announcement please contact Ian
Cunningham, Company Secretary at +61 8 9322 5943.