Bitterroot Resources (BTT-V) completes $1-million private placement
Aug 13, 2013 - News Release
Bitterroot Resources Ltd. has closed a non-brokered private placement of 12,532,500 units priced at eight cents each for gross proceeds of $1,002,600. Each unit consists of one common share and one common share purchase warrant that is exercisable at 15 cents until Aug. 8, 2014.The common shares, plus any common shares acquired through the exercise of the warrants, and 265,650 broker warrants are subject to a hold period expiring Dec. 9, 2013.
The proceeds will be used to finance a 3,000-metre drilling program to test several of Bitterroot's nickel/copper/platinum group metals targets in Michigan and for working capital. Drilling is expected to commence within 60 days |
