On December 3, 2020, Bitterroot Resources Ltd. (“Bitterroot Resources”) announced that it completed an oversubscribed non-brokered private placement (the “Private Placement”) of 17,340,000 units at a purchase price of $0.06 per unit for gross proceeds of $1,040,000. Each unit was comprised of one common share in the capital of Bitterroot Resources and one-half of one common share purchase warrant, with each full warrant being exercisable to purchase one additional common share at an exercise price of $0.12 until December 3, 2022.
Bitterroot Resources is a mineral exploration company that is focused on discovering high-grade, magmatic nickelcopperPGM deposits in the Upper Peninsula of Michigan and high-grade epithermal goldsilver deposits in Nevada.
Further details regarding the Private Placement and Bitterroot Resources can be found on Bitterroot Resources’ website. Bitterroot Resources trades under the symbol “BTT” on Tier 2 of the TSX Venture Exchange.