Suite – West Hastings Street, Vancouver, BC V6C 1A1, Canada
Phone: +1 (604) 678-‐5308
|
Toll-‐Free: +1 (855) 678-‐5308
www.bonterraresources.com
Bonterra Resources Closes Debt Settlement Transaction
Vancouver, BC – February 19, 2015: BonTerra Resources Inc. (TSX-V: BTR) (the “Company”) is pleased to announce that, further to its news release dated December 22, 2014, it has closed the debt settlement transaction (the “Transaction”) and settled indebtedness in the aggregate amount of $760,767.20.
Pursuant to the Transaction, the Company allotted and issued 7,607,668 Common Shares at a deemed price of $0.10 per Share to various creditors. 3,220,251 Shares are subject to escrow over a two-year release schedule. The Company determined to satisfy this outstanding indebtedness with Shares in order to preserve its cash for operations.
All Shares issued pursuant to the Transaction are subject to a four-month and one-day hold period.
About BonTerra Resources
BonTerra is a Canadian gold exploration company based in Vancouver, BC focused on continuing to expand its NI 43-101 compliant gold resource on its Eastern Extension Property, part of the world famous Abitibi Greenstone Belt in mining -friendly Quebec. BonTerra has a total of three gold properties in the Urban-Barry Belt, the Eastern Extension, Lavoie and Urban- Barry properties which are located approximately 170 km NE of Val-d’Or and 125 km SW of Chibougamau in the Urban, Barry and Bailly townships in Québec.
For further information, please contact Nav Dhaliwal, President, at [email protected].
ON BEHALF OF THE BOARD OF DIRECTORS “Nav Dhaliwal”
Nav Dhaliwal, President 604.678-5308 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Suite – West Hastings Street, Vancouver, BC V6C 1A1, Canada
Phone: +1 (604) 678-‐5308
|
Toll-‐Free: +1 (855) 678-‐5308
www.bonterraresources.com