BonTerra Resources Announces Closing of $250,000 Non-Brokered Private Placement

BonTerra Resources Announces Closing of $250,000 Non-Brokered Private Placement

ID: 273473

(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/26/13 -- BonTerra Resources Inc. (TSX VENTURE: BTR)(OTCBB: BONXF)(FRANKFURT: 9BR) (the "Company" or "BonTerra") announces it has closed its non-brokered private placement announced by news release dated May 30, 2013 (the "Private Placement") for total gross proceeds of $250,000 by the issuance of 4,000,000 flow-through units (the "FT Units") at a price of $0.05 per FT Unit, and 1,000,000 non flow-through units (the "NFT Units") at a price of $0.05 per NFT Unit.

The FT Units are comprised of one flow-through common share and one-half of one common share purchase warrant (each whole warrant a "Warrant"). The NFT Units are comprised of one non flow-through common share and one-half of one Warrant. Each Warrant entitles the holder to purchase an additional non flow-through common share of the Company (a "Warrant Share") at a price of $0.10 per Warrant Share for a period of one year from the date of issue.

In connection with the Private Placement, the Company paid finder's fees consisting of cash fees totaling $22,500 (inclusive of legal and administrative fees of $5,650) and warrants to acquire 200,000 common shares of the Company at an exercise price of $0.10 per common share for a period of one year from the date of issue.

All securities issued under the Private Placement are subject to a four-month statutory hold period and resale restrictions under applicable securities legislation.

The proceeds from the FT Units will be used to conduct the exploration program on the Company's properties located in Quebec and the proceeds from the NFT Units will be used to seek out potential property ventures and for general working capital purposes.

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 Vald'Or and approximately 125 km southwest of Chibougamau in the Urban, Barry and Bailly townships of 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.

Nav Dhaliwal, Chief Executive Officer

Neither TSX Venture Exchange nor its regulation service 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.
Nav Dhaliwal
(604) 678-5308 or Toll-Free: 1 (855) 678-5308

Weitere Infos zu dieser Pressemeldung:

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
drucken  als PDF  an Freund senden  Teck Receives Regulatory Approval for Renewal of Share Buy-Back Program Huldra Silver Provides Update on Milling and Mining Operations
Bereitgestellt von Benutzer: Marketwired
Datum: 26.06.2013 - 13:16 Uhr
Sprache: Deutsch
News-ID 273473
Anzahl Zeichen: 0

contact information:
Town:

VANCOUVER, BRITISH COLUMBIA



Kategorie:

Mining & Metals



Diese Pressemitteilung wurde bisher 325 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"BonTerra Resources Announces Closing of $250,000 Non-Brokered Private Placement"
steht unter der journalistisch-redaktionellen Verantwortung von

BonTerra Resources Inc. (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).


Alle Meldungen von BonTerra Resources Inc.



 

Werbung



Facebook

Sponsoren

foodir.org The food directory für Deutschland
Informationen für Feinsnacker finden Sie hier.

Firmenverzeichniss

Firmen die firmenpresse für ihre Pressearbeit erfolgreich nutzen
1 2 3 4 5 6 7 8 9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z