News
Financing Update
August 6, 2013
Bitterroot Resources Ltd. (BTT, TSX-V) has amended the terms of the private placement described in its news release dated June 10, 2013.
The Company now expects to issue 12,053,750 units priced at C$0.08 in a non-brokered private placement for gross proceeds of C$964,600. Each unit consists of one common share and one common share purchase warrant. Each warrant will be exercisable at C$0.15 for a period of 12 months.
The proceeds will be used to fund drilling of Bitterroot's nickel/copper/PGM targets in Michigan and for working capital.
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.
FORWARD LOOKING STATEMENTS: This document contains statements about expected or anticipated future events and/or financial results that are forward-looking in nature and as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, regulatory processes and actions, technical issues, new legislation, competitive conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events and the company's ability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.
The Company now expects to issue 12,053,750 units priced at C$0.08 in a non-brokered private placement for gross proceeds of C$964,600. Each unit consists of one common share and one common share purchase warrant. Each warrant will be exercisable at C$0.15 for a period of 12 months.
The proceeds will be used to fund drilling of Bitterroot's nickel/copper/PGM targets in Michigan and for working capital.
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.
FORWARD LOOKING STATEMENTS: This document contains statements about expected or anticipated future events and/or financial results that are forward-looking in nature and as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, regulatory processes and actions, technical issues, new legislation, competitive conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events and the company's ability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.