Bitterroot Resources (BTT-V) Cdn$800,000 Unit Financing and Cdn$220,000 Flow-Through Financing
Aug 30, '17 - NR
Michael Carr, CEO and Director of Bitterroot Resources Ltd. announces that the Company has agreed to issue 4,000,000 units priced at C$0.20, for gross proceeds of C$800,000, in a non-brokered private placement. Each unit consists of one common share and one half of a common share purchase warrant. Each full warrant will be exercisable at C$0.30 for a period of 24 months. The proceeds will be used to fund drilling on the Company's Hackberry Silver Project and for working capital.
Bitterroot will also issue up to 1,000,000 Flow-Through common shares priced at C$0.22, for gross proceeds of C$220,000, in a non-brokered private placement. The proceeds will be used to fund drilling on the Company's North Brenda (BC) gold-silver project.
A finders' fee of 6 per cent cash and 6 per cent share purchase warrants (broker warrants), exercisable on the same terms as the private placement warrants, will be paid to third party finders.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael S. Carr
Director
bitterrootresources.com |
