Wednesday , September 28 2022

Bonterra Resources announces a $ 27 million private payment


Vancouver, British Columbia – (Newsfile Corp. – July 26, 2019) – Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2)company"Or"BonterraHe is pleased to announce that he has entered into an agreement with Sprott Capital Partners LP to act as Principalchief agentOn its own behalf and, where applicable, on behalf of a syndicate of agents (together with PrincipalagentsAs part of a private placement to earn gross earnings of up to $ 27,001,400 ("investment").

The offering will consist of: (a) 6,000,000 Partnership Units (units) at $ 2.50 for gross earnings of $ 15,000,000; (b) 1,667,000 Flow-Through Shakes at a price of $ 3.00 for gross revenue of $ 5,001,000; and (c) 1,628,000 throughput points of the Company (Super Stream Units) at a price of $ 4.30. for the Super Flow-Through Unit for gross revenue of $ 7,000,400. Collectively, base units and securities are collectively called "securities offered".

Each unit will consist of one common share of the Corporation (one "common share") and half of a single share purchase order. (every complete commandment, "commandment"). Each guarantee will be transferable and will entitle the holder to acquire one common share of the Company for two years from the closing date (below defined) at a price of $ 3.10.

Each leakage unit will consist of one common share issued as a share passing through the flow and one half of an order.

Each super-credit unit will consist of a single share issued as a super-flow and a half-order.

In addition, the Company has provided the Agents with the opportunity to increase the amount of the Offering by up to 15% of the number of securities offered, which may be exercised at any time up to three days prior to the closing of the Offering, at any time. the same terms and conditions for accommodation.

In connection with the Offering, Agents will be entitled to receive a cash contribution equal to 6% of the gross revenue of the Offering.

Gross proceeds from the issue of shares passing through the flow will be used for exploration costs in Canada and will be considered a "specified mining expense" as defined in Subsection 127 (9) of the Income Tax Act. ("Eligible Costs"), overdrafts will also be eligible for the additional 10% deductions provided in Section 726.4.9 and Section 726.4.17.1 of the Québec Tax Act. , to be transferred to subscribers with a date of entry into force no later than 31 December 2019 at an amount equal to the gross proceeds of the issue of the Transaction Shares and the Supermarkets as the case may be. If the eligible costs are reduced by Canada's Revenue Agency, the Corporation will indemnify each subscriber for any additional tax due as a result of such non-disclosure.

Net proceeds from the sale of ordinary shares will be used for ongoing exploration and development work on the Company's property and for general corporate purposes. The securities offered under the Offering are subject to a holding period of four months and one day from the issue date in accordance with the applicable securities laws. The offer is subject to approval by the TSX Venture Exchange.

Closing the Offering is currently scheduled to take place on or about August 20, 2019, or on any other date or dates that the Company and the Chief Agent may agree to.


Greg Gibson, interim CEO

Bonterra Resources Inc.

For more information about Bonterra, contact Investor Relations
Phone: (819-8678 | [email protected] | website

Neither the TSX Venture Exchange nor the regulatory service provider (as this term is defined in the policies of TSX Venture Exchange) assumes no responsibility for the adequacy or accuracy of this message.

This press release does not constitute an offer to sell or attract a purchase offer and there must be no sale of any securities in the jurisdiction where such offering, attraction or sale would be illegal, including the securities issue. United States of America. Securities were not and will not be registered under the US Securities Act of 1933 as amended ("the 1933 Act") or the Securities Act of States and may not be either offers, nor sells in the United States. or for the benefit of United States citizens (within the meaning of Regulation S of the 1933 Act) unless they are registered under the Securities Act 1933 and the applicable securities laws or if exempted from these requirements for registration are available.

This press release contains statements about the future regarding the use of the proceeds of the Offering, the future performance of our business, its operations, the financial results and the state, as well as the objectives, strategies, beliefs and intentions of the management. Future statements are often identified by terms such as "may," "will," "plan," "prediction," "prediction," "assessment," "will," and similar terms referring to future events and results. future are based on current beliefs and expectations of management. Any information relating to the future is uncertain in nature and subject to various assumptions, risks and uncertainties, including the speculative nature of exploration and development of mineral resources, fluctuations in commodity prices, future tax treatment of outgoing shares. as well as the risks and availability of funding as further described in our recent securities inquiries available at Actual events or results may differ materially from those set out in the forward-looking statements and we do not advise you to rely too much on these reports. We do not undertake to review or update these forward-looking statements unless required by the applicable law.


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