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Bonterra and Metanor Announce the Closing of the Transaction to Acquire Metanor
Bonterra and Metanor Announce the Closing of the Transaction to Acquire Metanor Ca...
About this update from Bonterra Resources, Inc.
[{"type":"text","content":"\n\n\n\nBonterra and Metanor Announce the Closing of the Transaction to Acquire Metanor\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Sept. 24, 2018\n\n\n\nVANCOUVER, Sept. 24, 2018 /CNW/ - BONTERRA RESOURCES INC. (\"Bonterra\") (TSXV: BTR) (US: BONXF) (FSE: 9BR1) and METANOR RESOURCES INC. (\"Metanor\") (TSXV: MTO) are pleased to announce the closing today of their respectively announced plan of arrangements (the \"Bonterra Arrangement\" and the \"Metanor Arrangement\").  \nPursuant to the Metanor Arrangement, Bonterra acquired all of the outstanding common shares of Metanor (the \"Metanor Shares\").  Each Metanor Share was exchanged for 1.6039 common shares of Bonterra.  Each outstanding option to acquire Metanor Shares was exchanged for an option to acquire 1.6039 common shares of Bonterra. Bonterra is pleased to have appointed Mr. Greg Gibson and Ms. Christina Ouellette, both directors of Metanor, to the Bonterra board upon completion of the Metanor Arrangement. Mr. Joseph Meagher has resigned as a director of Bonterra but remains as Chief Financial Officer of Bonterra.  \nPursuant to the Bonterra Arrangement, Bonterra spun out certain assets, including the Larder Lake Property and approximately $7 million in cash, into a newly-incorporated exploration company, Gatling Exploration Inc. (\"Gatling\").  \nMetanor and Bonterra held special meetings of their shareholders and optionholders on September 18, 2018.  The shareholders and optionholders voted overwhelmingly in favour of the special resolution approving the Metanor Arrangement, in the case of the Metanor special meeting, and the Bonterra Arrangement, in the case of the Bonterra special meeting.\nThe Metanor Arrangement received final approval of the Superior Court of Quebec on September 21, 2018 and the Bonterra Arrangement received final approval of the British Columbia Supreme Court on September 20, 2018.  The TSX Venture Exchange (\"TSX-V\") is expected to provide final approval of both the Metanor Arrangement and the Bonterra Arrang...