|June 29, 2011|
C$209,000 Financing Closed
|Bitterroot Resources Ltd. (BTT, TSX-V) has closed a private placement of 2,322,220 units priced at C$0.09. Each unit consists of one common share and one half of a common share purchase warrant. Each full warrant is exercisable at $0.15 for a period of 24 months. These shares plus any shares issued through the exercise of warrants are subject to a hold period expiring October 24, 2011. The $209,000 proceeds will be used for working capital and to fund copper/nickel exploration in Michigan.|
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.
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