Bonterra Extends Marketing Agreement with Westlake Capital
Bonterra Extends Marketing Agreement with
Westlake Capital
Val-d'Or, Quebec--(Newsfile Corp. - November 21, 2024) -
Bonterra Resources Inc. (TSXV: BTR)
("
Bonterra
" or the "
Company
") is pleased to announce that it has extended the agreement with
Westlake Capital ("
Westlake
") pursuant to which Westlake will provide marketing and investor relations
services to the Company on a non-exclusive basis, including: (i) initiating contact with qualified investors,
(ii) organizing virtual or in person meetings with potential investors and analysts (iii) forwarding news
releases issued by the Company to Westlake's contact base, (iv) assisting with preparing a virtual
marketing campaign by the Company, (v) assisting in obtaining coverage by newsletter writers and
analysts, and (vi) assisting with market intelligence. In consideration for providing these services,
Westlake will be paid a monthly cash fee of GBP 4,500 from the Company's working capital. Westlake
has been engaged for a term of six months, which may be extended by mutual agreement, subject to
earlier termination by either party on 30 days' written notice. The cost of the investor relations services
provided by Westlake is not anticipated to exceed CAN$49,000 over the six-month term.
Westlake is a sole proprietorship marketing firm based out of Zurich, Switzerland, and specializing in
investor relations and profile-building within the European investment community. Westlake is an arm's
length party to Bonterra and has no other relationship with the Company except under this engagement.
Westlake does not own any securities of Bonterra, nor does it have any other interest in the Company or
a right to acquire such an interest.
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. In August 2024, Gold
Fields Ltd. announced the acquisition of Osisko Mining for C$2.16 billion. Gold Fields can earn a 70%
interest in the joint venture by incurring C$30 million in work expenditures until November 2026. 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
.
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/230793