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Bonterra Resources announces management changes; welcomes new interim CFO

The junior explorer said goodbye to outgoing CFO James Fairbairn after he announced his retirement

BonTerra Resources Inc -
Johnny Oliveira will take on the CFO position on an interim basis

Canadian junior explorer Bonterra Resources Inc (CVE:BTR) (OTCMKTS:BONXF) is saying goodbye to its CFO James Fairbairn at the end of the month after the long-service finance chief announced his retirement on Tuesday. 

Fairbairn’s years of experience as a finance professional helped guide the junior company’s coffers as it advanced a portfolio of high-grade assets in the Canadian province of Quebec. 

Val-d'Or, Quebec-based Bonterra told shareholders that its current financial reporting manager Johnny Oliveira will take on the CFO position on an interim basis. 

READ: Bonterra Resources discovers new gold mineralization zone at Moroy Project in Quebec

Oliveira has 20 years of experience as an accountant and has spent the last 10 years working with junior mining companies in a finance capacity. 

Bonterra CEO Greg Gibson thanked Fairbairn for his contributions to the company and wished him the best in his retirement. 

The junior explorer also announced that it had reached a settlement of C$1 million in connection with two claims filed by past officers of Bonterra after the termination of their consulting agreements. The company noted that the agreement was made without any admission or finding of liability. 

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

Quick facts: Bonterra Resources Inc.

Price: 0.97 CAD

TSX-V:BTR
Market: TSX-V
Market Cap: $75.18 m
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