Bonterra Announces Closing of Private Placement of Units
Bonterra Announces Closing of Private
Placement of Units
Val-d'Or, Quebec--(Newsfile Corp. - April 7, 2025) -
Bonterra Resources Inc. (TSXV: BTR) (OTCQX:
BONXF) (FSE: 9BR2)
("
Bonterra
" or the "
Company
") is pleased to announce the closing of a non-
brokered private placement (the "
Offering
") pursuant to which the Company sold 1,625,000 units of the
Company (each, a "
Unit
") at a price of $0.20 per Unit for gross proceeds of $325,00. Each Unit consists
of one common share of the Company (each, a "
Share
") and one half of one common share purchase
warrant (each, a "
Warrant
"). Each Warrant entitles the holder to purchase one common share of the
Company (each, a "
Warrant Share
") at a price of $0.26 for a period of two years from the date of
closing, subject to acceleration of the expiry date upon the occurrence of certain events.
The Shares and Warrants are subject to a four-month plus one day restricted period in Canada ending
on August 5, 2025.
$19,500 in finder's fees were paid to an arms' length finder, in connection with the Offering.
Marc-André Pelletier, President and CEO, commented: "This placement was a highly targeted equity
raise aimed at a handful of European investors with whom we've been building relationships since last
summer, when we began actively marketing in the region. We greatly appreciate the support and
confidence demonstrated by this select group and look forward to continuing to build strong relationships
across Europe."
The gross proceeds from the sale of Units will be used to fund exploration activities at the Company's
projects and for general working capital.
The securities referred to herein have not been, and will not be, registered under the United
States
Securities Act of 1933, as amended (the "
U.S. Securities Act
"), or any U.S. state securities
laws, and
may not be offered or sold in the United States or to, or for the account or benefit of, any U.S. persons or
any persons within the United States absent registration or available exemptions from the registration
requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release
shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor
shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful. 'United States' and 'U.S. person' are as defined in Regulation S under the U.S. Securities
Act.
About Bonterra
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 (the "JV Agreement"), which include the Gladiator and Barry deposits.
In October 2024, Gold Fields Ltd completed the acquisition of Osisko Mining for C$2.16 billion. Gold
Fields is now the counterparty to the JV Agreement and can continue to earn a 70% interest in the joint
venture by incurring C$30 million in work expenditures until November 2026 (including expenditures
incurred by Osisko Mining prior to October 2024). 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. Forward-looking
statements made in this news release include statements regarding the proposed use of proceeds of
the Offering. 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, with respect to the Offering,
the timing of final TSX Venture Exchange approval; and with respect to the use of proceeds, the
sufficiency of the proceeds, the speculative nature of mineral exploration and development,
fluctuating commodity prices, and competitive, as described in more detail in our recent securities
filings available at
www.sedarplus.ca
. 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.
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DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN
OR INTO THE UNITED STATES
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