Bitterroot Resources (BTT-V) PP - Terms Amended
May 3rd 2021 - NR
Due to robust demand, Bitterroot Resources management has increased the size of its recently announced non-brokered private placement. The placement will consist of 11,195,000 units priced at $0.10 per unit, comprising one common share and one half of a common share purchase warrant exercisable at $0.20 for 2 years, for gross proceeds of approximately $1,119,500. As previously disclosed, the proceeds will be used for drilling at the LM nickel/copper/PGM property, exploration on the Company's recently drill-permitted gold projects in Nevada and for general working capital.
This news release does not constitute an offer or solicitation to sell any of these securities in the United States. The securities will not be registered under the United States Securities Act of 1933, as amended ("the US Securities Act"), or under any State securities laws. The securities may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S Securities Act and applicable State securities laws, or unless an exemption from such registration is available.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael S. Carr
Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. |
