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Bitterroot Resources Completes $1 Million Private Placement

Maxis Law represented Bitterroot Resources with a team that included Morgan Hay and Sean Hawkins.

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.