BonTerra Closes $5.2M 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 Closes $5.2M Strategic Investment by Kinross
Gold
Vancouver, BC – March 27, 2017 – BonTerra Resources Inc. (TSX-V: BTR, US: BONXF,
FSE: 9BR1) ("BonTerra" or the "Company") is pleased to announce that it has closed its
previously announced private placement of 14,857,440 common shares (“Common Shares”) of
BonTerra by Kinross Gold Corporation (“Kinross”) 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
holds approximately 9.5% of BonTerra’s issued and outstanding Common Shares on an
undiluted basis.
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 final approval of the TSX Venture Exchange.
INFOR Financial Inc. was retained as strategic financial advisor to BonTerra with respect to the
Transaction and its negotiations with Kinross and was paid a finder's fee in respect thereof. In
addition, Sprott Capital Partners and Fort Capital Partners provided advice to BonTerra in
connection with the Transaction. The advisors w ere issued an aggregate of 742,872 advisory
warrants in consideration for their services, each advisory warrant being exercisable to acquire
one Common Share at an exercise price of $0.35 for a period of two years from the date of
issuance.
All securities issued under the Transaction are subject to a hold period of four months from the
closing date of the Transaction in accordance with the rules and policies of the TSX Venture
Exchange and applicable Canadian securities law.
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: +778 908-4185, [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 accura cy
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 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 the use of proceeds of the Transaction and 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, l evel 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 ra ise 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; techno logical 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 ot her 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 informati on, future events or otherwise,
except as required by applicable law.