Wednesday, February 22, 2017

Bonterra Resources Inc. - BTR.v

Bonterra Resources Inc. - BTR.v is a gold exploration company focused on continuing to expand its NI 43-101 compliant gold resource on its West Arena Property, part of the Abitibi Greenstone Belt in Quebec.

On February 13, 2017 the company released News

BonTerra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “BonTerra”) is pleased to announce that it has entered into an amended agreement with Sprott Capital Partners, a division of Sprott Private Wealth LP (“Sprott”) to act as lead underwriter (the “Lead Underwriter”) and INFOR Financial Inc. (collectively, the “Underwriters”), and has agreed to increase the offering size of purchased securities from $12,902,400 to $13,974,800 in gross proceeds (the “Offering”).

The Offering will consist of a combination of (a) 11,000,000 flow-through common shares of the Company (“Flow-Through Shares”) at a price of $0.35 per Flow-Through Share and (b) 36,160,000 common shares of the Company (“Common Shares”) at a price of $0.28 per Common Share. As previously announced, the Company will complete a non-brokered private placement of 3,660,000 Common Shares at a price of $0.28 per Common Share (the “Non-brokered Offering”). The Non-brokered Offering will be completed on the same terms as the Offering. The Non-brokered Offering will close concurrently with the Offering. Total gross proceeds from the Offering and Non-brokered Offering is $14,999,600.