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Gold/Mining/Energy : Bitterroot Res. (V.BTT)
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To: Eric Rojas who wrote (24)11/21/1996 8:28:00 PM
From: Robert Saito   of 107
 
Bitterroot Resources Ltd
BTT VSE

November 21, 1996

Major Transaction

BITTERROOT RESOURCES LTD. ("BTT-V;BITTF-L")

INMET MINING CORP. ("BML-V;BMRLF-L")

- Major Transaction

The Vancouver Stock Exchange has accepted for filing an agreement dated March 13, 1996 between Bitterroot's subsidiary, Trans Superior Resources, Inc. and Copper Range Company of White Pine, Michigan (a subsidiary of Inmet Mining Corporation) pursuant to which Trans
Superior will acquire from Copper Range certain mineral rights in over 115 square miles of properties located in Houghton, Ontonogan and Gogebic Counties, Michigan, USA. Consideration is the issuance of 200,000 shares and the granting of a 1% net smelter return royalty. Upon receipt of a pre-feasibility study, Copper Range may elect to earn a 51% interest in the subject properties by delivery of a bankable feasibility study to the Company. A finder's fee of
20,000 shares is payable to Robert W. Seasor in connection with this acquisition.

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