Jul 29, 2009
C$218,790 Flow-Through Share Financing Closed
Bitterroot Resources Ltd. (BTT, TSX-V) has closed a private placement of 1,287,000 flow-through common shares priced at C$0.17 for gross proceeds of C$218,790. The shares plus 54,000 broker warrants will be subject to a hold period expiring November 27, 2009. The proceeds will be used primarily to fund additional drilling on the high-grade Mineral Creek gold project in British Columbia.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael S. Carr
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news 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.