Bonterra Amends Agreement with Machai Capital
Bonterra Amends Agreement with Machai
Capital
Val-d'Or, Quebec--(Newsfile Corp. - May 7, 2024) -
Bonterra Resources Inc. (TSXV: BTR) (OTCQX:
BONXF) (FSE: 9BR2)
("
Bonterra
" or the "
Company
") announces that, further to its news release of
March 18, 2024, it has entered into an updated agreement with Machai Capital Inc. ("
Machai
") pursuant
to which Machai will be paid a cash fee instead of common shares in exchange for the provision of
digital marketing services in accordance with the applicable TSX Venture Exchange policies. The
engagement commenced on March 15, 2024, has a term of three months, and provides that Machai will
receive a cash fee of $33,000, plus applicable taxes, such fee to be paid on or about May 8, 2024.
Machai is a marketing, advertising and public awareness firm based out of Vancouver, British Columbia,
specializing in advertising and public awareness in the metals & mining, technology, and special
situation sectors. Suneal Sandhu is the President of Machai and can be reached at (604) 375-0084.
Machai is an arm's length party to Bonterra and has no other relationship with the Company except under
this engagement. Neither Machai nor Mr. Sandhu own any securities of Bonterra.
About Bonterra Resources Inc.
Bonterra is a Canadian gold exploration company with a portfolio of advanced exploration assets
anchored by a central milling facility in Quebec, Canada. The Company's assets include the Gladiator,
Barry, Moroy, and Bachelor gold deposits, which collectively hold 1.24 million ounces in Measured and
Indicated categories and 1.78 million ounces in the Inferred category.
In November 2023, the Company entered into an earn-in and joint venture agreement with Osisko Mining
Inc. for the Urban-Barry properties, which include the Gladiator and Barry deposits. Over the next three
years, Osisko can earn a 70% interest by incurring $30 million in work expenditures. This strategic
transaction highlights Bonterra's dedication to advancing its exploration assets, marking a significant
step towards development.
FOR ADDITIONAL INFORMATION
Marc-André Pelletier, President & CEO
2872 Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9
819-825-8678 | Website:
www.btrgold.com
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.
Forward-Looking Information
This news release contains forward-looking statements and forward-looking information within the
meaning of applicable securities laws. All statements other than statements of historical fact may be
forward-looking statements or information. Forward-looking statements are frequently identified by
such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words
referring to future events and results. The forward-looking statements and information are based on
certain key expectations and assumptions made by management of the Company. Although
management of the Company believes that the expectations and assumptions on which such forward-
looking statements and information are based are reasonable, undue reliance should not be placed
on the forward-looking statements and information since no assurance can be given that they will
prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information
about the current expectations and plans of management of the Company relating to the future.
Readers are cautioned that reliance on such statements and information may not be appropriate for
other purposes, such as making investment decisions. Actual results could differ materially from
those currently anticipated due to a number of factors and risks, including, without limitation, the
speculative nature of mineral exploration and development, fluctuating commodity prices, and
competitive conditions, as described in more detail in our recent securities filings available at
www.sedarplus.ca
, including the Offering Document
.
Accordingly, readers should not place undue
reliance on the forward-looking statements and information contained in this news release. Readers
are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements and
information contained in this news release are made as of the date hereof and no undertaking is given
to update publicly or revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable securities laws. The forward-
looking statements or information contained in this news release are expressly qualified by this
cautionary statement.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/208321