BonTerra Announces Flow-Through and Non Flow-Through Financing
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/14/12 -- BonTerra Resources Inc. (TSX VENTURE: BTR) (FRANKFURT: 9BR) (the "Company" or "BonTerra") announces that it intends to complete a private placement of 6,250,000 flow-through units (the "FT Units") at a price of $0.08 per FT Unit for total gross proceeds of up to $500,000 and a private placement of up to 5,000,000 non flow-through units (the "NFT Units") at a price of $0.05 per NFT Unit for total proceeds of $250,000. Each FT Unit will consist of one flow-through common share (a "FT Share") and one non-flow through transferable share purchase warrant (a "FT Warrant"). Each FT Warrant will entitle the holder to purchase one non-flow through common share (a "FT Warrant Share") at a price of $0.12 for two years from the closing date. Each NFT unit will consist of one transferable common share (a "NFT Share") and one transferable share purchase warrant (a "NFT Warrant"). Each NFT Warrant is exercisable to purchase an additional common share (a "NFT Warrant Share") at a price of $0.10 for a period of two years from the closing date.
In connection with the private placement, the Company may pay finder's fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange.
All securities issued above are subject to a hold period of 4 months and one day from the date of closing as well as a voluntary pooling arrangement.
The proceeds from the flow-through portion of the private placement will be used to conduct exploration program on the Company's properties and the proceeds from the non flow-through portion of the private placement will be used for exploration on the Company's properties and for general working capital.
The private placement is subject to TSX Venture Exchange acceptance.
About BonTerra Resources Inc.
BonTerra is a Canadian gold exploration company based in Vancouver, BC focused on continuing to expand the drill defined gold zones on its Eastern Extension property (the "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 located approximately 170 km northeast of Val-d'Or and approximately 125 km southwest of Chibougamau in the Urban, Barry and Bailly townships in Quebec.
The Company owns 100% of the Property subject to a 2% NSR which is held by three individuals. 1% of the NSR can be purchased for a sum of $500,000.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
Casey Forward, Chief Financial Officer
(604) 678-5308
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.
Contacts:
BonTerra Resources Inc.
Navjit Dhaliwal
(604) 678-5308
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Datum: 14.12.2012 - 16:35 Uhr
Sprache: Deutsch
News-ID 212996
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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"BonTerra Announces Flow-Through and Non Flow-Through Financing"
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