Bonterra Resources Announces Election Results of its 2024 Annual General Meeting
Bonterra Resources Announces Election
Results of its 2024 Annual General Meeting
Val-d'Or, Quebec--(Newsfile Corp. - June 12, 2024) -
Bonterra Resources Inc. (TSXV: BTR)
(OTCQX: BONXF) (FSE: 9BR2)
("
Bonterra
" or the "
Company
") announces election results of its
2024 annual general meeting held on June 12, 2024 ("
2024 AGM
"), representing its fiscal year ended
2023.
Bonterra is pleased to announce that shareholders have approved all matters voted on at the 2024
AGM, including: (i) to set the number of Directors at seven (7); (ii) to re-elect Messrs. Cesar Gonzalez,
Marc-André Pelletier, Normand Champigny, Matthew Happyjack, Paul Jacobi, Matt Houk and Peter
O'Malley as Directors; (iii) to appoint the Crowe MacKay LLP, as auditors of the Company for the
ensuing year and to authorize the directors to fix their remuneration; and (iv) to consider and, if deemed
advisable, adopt with or without variation, an ordinary resolution to approve the Company's Omnibus
Equity Incentive Compensation Plan.
Details in respect of such matters were provided in the Company's management information circular
dated May 2, 2024. A total of 76,212,048 common shares were voted at the Meeting, representing
approximately 57% of the common shares issued and outstanding as of the record date.
Results from the vote are presented in the table below:
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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. Over the next three
years, Osisko can earn a 70% interest by incurring $30 million in work expenditures. 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.
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