Alain Beland Announces Acquisition of Common Shares of Bonterra Resources
February 24, 2015 - Vancouver, British Columbia - BonTerra Resources Inc. (TSX-V: BTR) (the “Company” or “BonTerra”) reports:
“Alain Beland Announces Acquisition of Common Shares of BonTerra Resources Inc. - ("BTR")
Val-D’Or, Quebec, Canada - February 24, 2015 – BonTerra Resources Inc. (TSX-V: BTR): On February 18, 2015, Alain Beland acquired beneficial ownership of 3,028,542 Common Shares (the “Shares") in the capital of BonTerra Resources Inc. ("BonTerra").
Mr. Alain Beland acquired beneficial ownership of 3,718,392 Shares in the capital of BonTerra through a shares-for-debt settlement relating to geological services provided on BonTerra’s Quebec property, as announced in BonTerra press release dated December 22, 2014. Of the Shares, 3,028,542 are held under the name Machines Roger International and 689,850 are held under the name 9225-5909 Quebec Inc., of which Mr. Beland is the principle to both companies. Each Share has a deemed value of $0.10 totaling an aggregate of $371,839.20 of debt settled with Shares. The Shares represent 19.19% of the issued and outstanding Common Shares as at February 18, 2015.
There are no other persons acting jointly or in concert with Mr. Beland.
Mr. Beland effected the acquisition of Shares to settle the debt relating to geological services performed on BonTerra’s Quebec gold property and reserves the right to purchase additional securities of BonTerra from time to time and to dispose of any securities of BonTerra that he may own.
An Early Warning Report was filed on SEDAR under the profile of BonTerra on February 24, 2015.
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 510 – 744 West Hastings Street, Vancouver, BC V6C 1A1, Canada Phone: +1 (604) 678-‐5308 | Toll-‐Free: +1 (855) 678-‐5308 www.bonterraresources.com