ADU Adamus Res Ltd.

PERTH, Western Australia, Oct. 29 /CNW/ -- NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES PERTH, Western Australia, Oct. 29 /CNW/ - Further to its news release of October 22, 2010, Adamus Resources Limited (ASX: ADU, "Adamus" or "Company") advises that it has issued, pursuant to the Company's renounceable rights issue prospectus dated 15 September 2010, 1,254,458 fully paid ordinary shares at an issue price of A$0.55 per share via the placement of the rights issue shortfall shares and prospectus cleansing shares. The rights issue shortfall shares were placed by Adamus in conjunction with the Lead Manager Helmsec Global Capital Limited. The net proceeds of the shares issued pursuant to the rights issue prospectus will be used to provide additional contingency funds for the construction and development of the Nzema Gold Project in Ghana and to pay the expenses of the offer. Kind regards ADAMUS RESOURCES LIMITED (signed) Ian Cunningham COMPANY SECRETARY 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. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/October2010/29/c7173.html pIan Cunningham, Company Secretary at +61 8 9322 5943/p

Copyright