Aug 10 (Reuters) - Adira Energy Ltd ADL.V
* Update regarding proposed transaction between Smaart Holdings Inc. and Adira Energy Ltd.
* Adira, Target and shareholders of Target have entered into a revised letter of intent dated august 9, 2017
* Pursuant to LOI Target and co will complete a transaction in which it is intended that resulting corporation will be listed on CSE
* Anticipated that trading in Adira's common shares will remain halted during this time