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Published on 9/23/2008 in the Prospect News PIPE Daily.

New Issue: Adamus concludes A$2.04 million private placement of stock

By Devika Patel

Knoxville, Tenn., Sept. 23 - Adamus Resources Ltd. said it took in A$2.04 million in a private placement of shares.

The company sold 6.8 million shares at A$0.30 each.

Proceeds will be used for exploration and development at Adamus' Southern Ashanti Gold project in Ghana and general working capital.

Adamus is a mineral exploration company based in Perth, Australia.

Issuer:Adamus Resources Ltd.
Issue:Shares
Amount:A$2.04 million
Shares:6.8 million
Price:A$0.30
Warrants:No
Settlement date:Sept. 23
Stock symbol:Australia: ADU
Stock price:A$0.32 at close Sept. 23

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