Bonterra Appoints Matthew Happyjack as Director
Bonterra Appoints Matthew Happyjack as Director
VAL-D'OR, QC
,
March 26, 2019
/CNW/ -
Bonterra Resources Inc.
(TSX-V: BTR, OTCQX: BONXF, FSE:
9BR1) (the "Company" or "Bonterra") is pleased to announce the appointment of
Matthew Happyjack
to its
Board of Directors, following the resignation of
Richard Boulay
.
Bonterra Appoints Matthew Happyjack as Director (CNW Group/Bonterra Resources Inc.)
"We are pleased to welcome Matthew to the Board of Directors" stated
Greg Gibson
, Chairman and interim
CEO. "His strong background in business management and operations, particularly in the
Val-d'Or
region
where Bonterra is advancing the development of its mineral exploration assets, will serve the Company well. I
also wish take this opportunity to thank the outgoing director, Richard, for his contribution in building this
Company."
Mr. Happjack is currently the President of Air Creebec, a regional airline based in
Val-d'Or
, Québec, that
operates regularly scheduled flights, charters and freight services to 16 destinations in
Quebec
and
Ontario
,
with its 400 employees. Prior to joining Air Creebec in 2010, Mr. Happyjack held various positions in the
financial, management and accounting fields, all the while remaining actively involved in various projects to
promote the economic development of The Cree First Nation of
Waswanipi
. Mr. Happyjack holds an MBA
from the Université du Québec en Abitibi-Témiscaminque, where he also completed a Certificate in
Accounting. He also holds certificates in Community Economic Development and Management and in
Community Management, from
Concordia University
. Following this nomination, M. Happyjack was granted
200,000 share purchase options, having an exercise price of
$2.00
and a term of five years, subject to the
terms of the Company's stock option plan.
Bonterra is also pleased to announce it has optioned the right to acquire a new property, consisting of one
mining claim covering an area of 56 ha, located 20 km north of the Barry project, in the heart of the Urban
Barry mining camp. To acquire the property, Bonterra will make a cash payment of
$25,000
and issue 10,000
common shares, to the arm's length vendors and, to exercise the option, Bonterra will make an additional
cash payment of
$50,000
and issue 15,000 common shares before the one-year anniversary of the
agreement. This transaction remains subject to the approval of the TSX Venture Exchange and all common
shares issued hereunder will be subject to a four-month hold period.
Bonterra
Quick Facts
Currently developing three high-grade gold deposits: Gladiator, Barry and Moroy projects in the mining-
friendly jurisdiction of
Quebec
;
with significant regional targets in the Urban Barry Camp.
Bonterra is in the process of upgrading its wholly-owned gold mill, the only permitted mill in the Urban
Barry Camp, to increase capacity from 800 to 2400 tpd; and
a property-wide mineral resource estimate is underway and will include the Gladiator, Barry and Moroy
deposits.
Bonterra has a strong shareholder base which includes Wexford Capital,
Kirkland Lake Gold
and
Eric
Sprott
.
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.
Cautionary and Forward-Looking Statements
This press release contains "forward-looking information" 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;
technological 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.
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SOURCE
Bonterra Resources Inc.
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For further information:
Investor relations: Gary Nassif, 819-279-3551 | [email protected]; 2872
Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9, 819-825-8676 | Website: www.bonterraresources.com
CO: Bonterra Resources Inc.
CNW 09:01e 26-MAR-19