Proactive Investors - Run By Investors For Investors

Bonterra Resources closes $21.8 million private placing

Bonterra issued over 3.4 million shares on a flow-through basis at a price of $3.80 per FT share and over 2.6 million shares on a non-flow-through basis
Bonterra Resources closes $21.8 million private placing
Bonterra workers

Bonterra Resources (CVE:BTR, OTCQX:BONXF) has closed its previously announced placing for gross proceeds of around $21.8 million

Bonterra issued over 3.4 million shares on a flow-through basis at a price of $3.80 per FT share and over 2.6 million shares on a non-flow-through basis (NFT shares) at a price of $3.30 per NFT share.

READ: Bonterra Resources to speed up development of mining deposits and Urban Barry Mill

Sprott Capital Partners acted as lead agent on behalf of a syndicate of agents which included PI Financial Corp., Red Cloud Klondike Strike Inc, Canaccord Genuity Corp. and Haywood Securities Inc.

The gross proceeds from the issuance the FT Shares will be used for Canadian exploration expenses and will qualify as "flow-through mining expenditures", the firm said.

Bonterra also today announced a non-brokered private placing of FT Shares and non-FT shares on the same terms as the offering to raise proceeds of up to $500,000.

View full BTR profile View Profile

Bonterra Resources Timeline

Newswire
February 05 2019

Related Articles

1520338767_shutterstock_130308137.jpg
October 11 2018
Viscount Mining is sitting on two highly prospective gold projects in the USA
1552559210_Gold-bar-plus-nugget.jpg
March 14 2019
Caledonia is taking a short-term hit, but there are grounds for cautious optimism longer-term
1522843655_shutterstock_102742847.jpg
October 25 2018
BAM East will be the focus in 2018, after Landore completed a £3.15mln funding
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