Bonterra Announces Strategic Investment by Kinross Gold
510-744 West Hastings Street,
Vancouver, BC V6C 1A5
Office: 604.678.5308
TF: 855.678.5308
www.bonterraresources.com
Bonterra Announces Strategic Investment by Kinross Gold
Vancouver, BC – March 22, 2017 – BonTerra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1)
("BonTerra" or the " Company") is pleased to announce that Kinross Gold Corporation (“ Kinross”) has
agreed to acquire, by way of private placement, 14,857,440 common shares (“ Common Shares”) of
BonTerra at a price of $0.35 per Common Share for total gross proceeds of $5,200,104 (the “Transaction”).
On closing of the Transaction, Kinross will hold approximately 9.5% of BonTerra’s issued and outstanding
common shares on an undiluted basis.
The Transaction is expected to close on or about March 24, 2017. The gross proceeds from the sale of the
Common Shares will be used for exploration on BonTerra's properties and for general working capital
purposes. The Transaction remains subject to the approval of the TSX Venture Exchange.
Mr. Nav Dhaliwal, CEO and President of BonTerra, commented. “We are very pleased to have secured an
important investment and a strategic relationship with an industry leader such as Kinross. Their entry into
the Urban Barry gold camp further validates our ongoing progress and success at the Gladiator deposit and
surrounding properties. The depth of technical expertise that Kinross offers will be of great value to
BonTerra’s development going forward.”
Any securities to be issued under the Transaction will be subject to a hold period of four months and a day
from the closing date of the Transaction in accordance with the rules and policies of the TSX Venture
Exchange and applicable Canadian securities laws and such other further restrictions as may apply under
foreign securities laws.
INFOR Financial Inc. was retained as strategic financial advisor to BonTerra with respect to the Transaction
and its negotiations with Kinross and will be paid a finder's fee in respect thereof.
ON BEHALF OF THE BOARD OF DIRECTORS,
Nav Dhaliwal, President & CEO
BonTerra Resources Inc.
For further information regarding this matter please contact either:
Nav Dhaliwal, President and CEO: +604 678 5308, [email protected]; or
Investor Relations: 1 855.678.5308, [email protected]
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.
510-744 West Hastings Street,
Vancouver, BC V6C 1A5
Office: 604.678.5308
TF: 855.678.5308
www.bonterraresources.com
This press release contains "forward -looking inf ormation" that is based on BonTerra’’s current
expectations, estimates, forecasts and projections. This forward-looking information includes, among other
things, statements with respect to BonTerra’s exploration and development plans. The words "will",
"anticipated", "plans" or other similar words and phrases are intended to identify forward -looking
information. Forward-looking information is subject to known and unknown risks, uncertainties and other
factors that may cause BonTerra’s actual results, level of activity, performance or achievements to be
materially different from those expressed or implied by such forward -looking information. Such factors
include, but are not limited to: uncertainties related exploration and development; the ability to raise
sufficient capital to fund exploration and development; changes in economic conditions or financial
markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory,
political and competitive developments; technologic al or operational difficulties or inability to obtain
permits encountered in connection with exploration activities; and labour relations matters. This list is not
exhaustive of the factors that may affect our forward -looking information. These and other factors should
be considered carefully and readers should not place undue reliance on such forward-looking information.
BonTerra disclaims any intention or obligation to update or revise forward -looking information, whether
as a result of new information, future events or otherwise.