Bonterra Updates Terms of Brokered Private Placement
BONTERRA RESOURCES INC.
Suite 4006 – 1011 West Cordova Street Vancouver, B.C. V6C 0B2 Telephone: (604) 678-5308 Fax: (604) 678-5309
TSX.V - BTR FSE - 9BR
BONTERRA UPDATES TERMS OF BROKERED PRIVATE PLACEMENT
Vancouver, BC – September 18, 2012: BonTerra Resources Inc. (TSXV: BTR; FSE: 9BR) (the “Company” or “BonTerra”) is pleased to provide an update on its brokered private placement announced on September 6, 2012. The Company has agreed to grant Industrial Alliance Securities Inc. an over-allotment option to purchase up to 15% of the number of securities sold in the private placement for a period of 30 days following the closing of the private placement. The Company anticipates closing the private placement on September 21, 2012. For further details regarding the private placement, please see the Company’s news release dated September 6, 2012.
About BonTerra Resources
BonTerra is a Canadian gold exploration company based in Vancouver, BC. BonTerra is focused on continuing to expand the drill defined gold zones on its Eastern Extension property, part of the world famous Abitibi Greenstone Belt in mining friendly Quebec. BonTerra has a total of three gold properties in the Urban-Barry belt, the Eastern Extension, Lavoie and Urban-Barry properties which are all located approximately 170 km NE of Val-d’Or and 125 km SW of Chibougamau in the Urban, Barry and Bailly townships in Québec.
BonTerra owns 100% of the Property subject to a 2% NSR which is held by three individuals, 1% of which can be purchased for a sum of $500,000.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
/s/Navjit Dhaliwal
Navjit Dhaliwal President and Director (604) 678-5308
For further information contact:
Navjit Dhaliwal [email protected]
www.bonterraresources.com Tel: (604) 678-5308
This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company, such as the statement regarding the anticipated closing date of the private placement. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) receipt of approval from the TSX Venture Exchange; and (iii) the ability of the Company to close the Private Placement for any reason. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.
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.