Bonterra Announces Changes to the Board of Directors and Granting of Stock Options
2872 Sullivan Rd Suite 2
Val‐d’Or, Quebec
Office: (819) 825‐8678
Bonterra Announces Changes to the Board of Directors and Granting of
Stock Options
Val-d’Or, QC – July 7, 2020: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF,
FSE: 9BR2 ) (the “ Company” or “ Bonterra”) announces that Allan Folk has resigned as a
Director of the Company, effective immediately. The Board of Directors thanks Mr. Folk for his
service to Bonterra and wishes him well in his future endeavours.
In addition, Bonterra is pleased to announce the appointment of Peter O’Malley as an independent
non-executive Director of the Com pany, effective immediately. Mr. O’Malley is an investment
banker with 29 years of interna tional experience covering natur al resources and technology
companies. He has executed ove r $500 billion in transactions a cross multiple jurisdictions and
disciplines including, but not lim ited to; mergers and acquisit ions, equity and debt financings,
convertibles, commodities and liability management. He worked at Credit Suisse First Boston for
some 13 years in New York and Johannesburg. He eventually moved to Deutsche Bank and was
named Head of Natural Resources Investment Banking Asia-Pacific based in Hong Kong. He
lived in Hong Kong for 8-years and has an in depth understandin g of China’s role in the natural
resources sector and in Africa in particular. He received a BA from Siena College in 1988 and a
Juris Doctor from St John's University School of Law in 1991.
Cesar Gonzalez, Chairman of Bonterra commented: “The addition of Peter O’Malley as an
independent non-executive Director is another positive mileston e in the ongoing restructuring of
the Company. Peter’s extensive experience in mergers and acqui sitions globally, especially in
Asia, will prove invaluable as Bonterra evaluates all paths forward.”
Lastly, Bonterra announces the grant of incentive stock options to acquire a total of 3,000,000
common shares of the Company to various employees, officers, an d 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 $1.54 per share for a period of five years
from the grant date.
FOR ADDITIONAL INFORMATION:
Investor relations: Pascal Hamelin
2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9
819-825-8676 | Website: www.bonterraresources.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.