Bonterra Retains Machai Capital Inc. for Digital Marketing Services and Announces Stock Options Grant
Bonterra Retains Machai Capital Inc. for
Digital Marketing Services and Announces
Stock Options Grant
Val-d'Or, Quebec--(Newsfile Corp. - March 18, 2024) -
Bonterra Resources Inc. (TSXV: BTR)
(OTCQX: BONXF) (FSE: 9BR2) (
"
Bonterra
" or the "
Company
"
)
is pleased to announce that it has
retained Machai Capital Inc. ("
Machai
") to provide digital marketing services in accordance with the
applicable TSX Venture Exchange policies. The engagement has an initial term of three months,
pursuant to which Machai will receive 120,000 in common shares of the Company, plus applicable taxes.
Machai is an arm's length to Bonterra and has no other relationship with the Company except under this
engagement.
The Company also wishes to announce the grant of incentive stock options to acquire a total of
1,970,000 common shares of the Company to various employees, officers, and directors of the
Company pursuant to the Company's stock option plan and subject to any regulatory approval. Each
stock option vests immediately and is exercisable at a price of $0.24 per share for a period of five years
from the date of the grant.
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.
About Machai Capital Inc.
Machai is a marketing, advertising and public awareness firm based out of Vancouver, British Columbia,
specializing in advertising and public awareness firm specializing in the metals & mining, technology,
and special situation sectors. Suneal Sandhu is the President of Machai and can be reached at (604)
375-0084.
FOR ADDITIONAL INFORMATION
Marc-André Pelletier, President & CEO
2872 Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9
819-279-9304 | 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.
Caution regarding 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 the earn-in and joint venture agreement with Osisko Mining
announced on November 28, 2023. The words "will", "anticipated", "plans" or other similar words and
phrases are intended to identify forward-looking information. This forward-looking information includes
namely information with respect to the planned exploration programs and the potential growth in mineral
resources. Exploration results that include drill results on wide spacings may not be indicative of the
occurrence of a mineral deposit and such results do not provide assurance that further work will establish
sufficient grade, continuity, metallurgical characteristics, and economic potential to be classed as a
category of mineral resource. The potential quantities and grades of drilling targets are conceptual in
nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if
further exploration will result in the targets being delineated as mineral resources. 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, 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/202095