FINANCING CLOSED Bitterroot Resources Ltd. (BTT, TSX-V) has closed a C$167,400 non-brokered private placement of 2,328,000 units priced at C$0. 05 (C$116,400), plus 728,571 flow-through common shares priced at C$0.07 (C$51,000).
BITTERROOT RESOURCES LTD.
Suite 206-B, 1571 Bellevue Avenue, West Vancouver, BC, V7V 1A6
tel 604 922 1351
www.bitterrootresources.com
NEWS RELEASE
June 24, 2019
FINANCING CLOSED
Bitterroot Resources Ltd. (BTT, TSX-V) has closed a C$167,400 non-brokered private placement
of 2,328,000 units priced at C$0. 05 (C$116,400), plus 728,571 flow-through common shares
priced at C$0.07 (C$51,000).
Each unit consist s of one common share and one half of a common share purchase warrant ,
exercisable at C$0.11 and expiring on May 14, 2021 (964,000 warrants) or June 19, 2021 (200,000
warrants). The warrants are subject to accelerated exercise provisions if Bitterroot’s shares trade
on the TSX Venture Exchange at C$0.20 for greater than 20 consecutive trading days. Finder’s
fees paid in conjunction with the private placement consist of C$330 in cash, plus the issuance of
6,600 broker warrants exercisable at C$0.11 until May 14, 2021.
The common shares, plus any common shares acquired through the exercise of warrants or broker
warrants in the first tranche are subject to hold period s expiring September 15, 2019 (2,556,571
shares and 964,000 warrants) or October 20, 2019 (500,000 shares and 200,000 warrants).
The proceeds of the unit financing will be used to fund geophysical surveys on the Company’s
North Brenda carbonate replacement targets in southern British Columbia, follow -up geological
and geochemical surveys on the recently option ed Castle West gold project in Nevada and for
working capital . Additional information on t he Co mpany’s projects is available on
www.bitterrootresources.com and on www.sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael S. Carr
Director
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 u nexpected 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.