Proactive Investors - Run By Investors For Investors

Bonterra Resources set for $20mln placing and share consolidation

Before closing the offering, Bonterra will consolidate its shares on the basis of 10:1
Bonterra Resources set for $20mln placing and share consolidation
Sprott Capital Partners will act as lead agent on the financing

Bonterra Resources Inc (TSX-V:BTR, OTCQX:BONXF) announced a $20 million placing and a share consolidation.

Sprott Capital Partners will act as lead agent on the financing, which is to raise gross proceeds  of up to $20,000,130.

Before closing the offering, Bonterra will consolidate its shares on the basis of 10:1, namely ten existing  shares for one new share.

When completed, the company is expected to have around 39.7 million shares outstanding.

The placing will consist of up to 1,973,700 shares issued on a flow-through basis  (FT shares) at $3.80 each, and up to 3,787,900 shares issued on a non-flow-through basis (NFT shares) at $3.30 each.

View full BTR profile View Profile

Bonterra Resources Timeline

Newswire
February 05 2019

Related Articles

1541084172_shutterstock_130308137.jpg
November 01 2018
The gold mining sector is beginning a period of consolidation
1511784968_shutterstock_249210421-(1).jpg
June 21 2018
The company's key operations are located in South Africa, Ghana and Kenya.
Thor Explorations' Segilola high grade pit offers strong return on investment
June 12 2018
The 100% owned project sits on a 27 sq km exploration licence containing a 17 sq km mining licence
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use