|October 21, 2011|
C$750,000 Unit Financing
|Bitterroot Resources Ltd. (BTT, TSX-V) has agreed to issue 15,000,000 units priced at C$0.05 in a non-brokered private placement. Each unit consists of one common share and one common share purchase warrant. Each warrant will be exercisable at C$0.10 for a period of 24 months. The C$750,000 proceeds will be used for working capital and to fund exploration of the Company's Windy gold project in Nunavut. |
ON BEHALF OF THE BOARD OF DIRECTORS
Michael S. Carr
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.
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