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PERTH, Western Australia, April 6 /CNW/ - Adamus Resources Limited ("Adamus" or the "Company") (TSXV, ASX: ADU) is pleased to announce that it has completed the second tranche of the private placement announced by press release on March 10, 2010 ("Private Placement"). Pursuant to the second tranche of the Private Placement, Adamus issued 11,000,000 ordinary shares at an issue price of A$0.36 per share to professional and sophisticated investors. Adamus previously announced on March 17, 2010, the completion of the first tranche of the Private Placement, pursuant to which Adamus issued 14,000,000 ordinary shares at an issue price of A$0.36 per share.
The net proceeds of the Private Placement will be used to provide a contingency fund in relation to the development of the Company's Southern Ashanti Gold Project in Ghana and for general working capital purposes.
ADAMUS RESOURCES LIMITED
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: For further information: Ian Cunningham, Company Secretary at +61 8 9322 5943