Business
Bonterra Announces Closing of Upsized Brokered Private Placement for Proceeds of $10.5M
Val-d'Or, Quebec--(Newsfile Corp. - June 30, 2025) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX:...
About this update from Bonterra Resources, Inc.
[{"type":"text","content":"Bonterra Announces Closing of Upsized Brokered Private Placement for Proceeds of $10.5MVal-d'Or, Quebec--(Newsfile Corp. - June 30, 2025) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (\"Bonterra\" or the \"Company\") is pleased to announce the closing of its previously announced \"best efforts\" private placement (the \"Offering\") for gross proceeds of $10,500,000, selling (i) 22,727,272 \"hard-dollar\" units of the Company (\"HD Units\") at a price of $0.22 per HD Unit (the \"HD Issue Price\"); (ii) 14,583,333 \"flow-through\" units of the Company (\"FT Units\") at a price of C$0.24 per FT Unit; and (iii) 6,557,377 \"flow-through\" units of the Company (\"Premium FT Units\" and, together with the HD Units and the FT Units, the \"Offered Units\") at a price of C$0.305 per Premium FT Unit. Under the Offering, Canaccord Genuity Corp. (the \"Lead Agent\") acted as lead agent and sole bookrunner on behalf of a syndicate of agents that included Cormark Securities Inc. and SCP Resource Finance LP (collectively, the \"Agents\").Each Unit consists of one common share of the Company (each, a \"Unit Share\") and one half of a common share purchase warrant of the Company (each whole warrant, a \"Warrant\"). Each FT Unit and each Premium FT Unit consists of one common share of the Company (each, a \"FT Share\") and one half of a Warrant. The FT Shares and Warrants comprising the FT Units and Premium FT Units will qualify as \"flow-through shares\" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the \"Tax Act\"). Each Warrant (including those Warrants comprising the FT Units and Premium FT Units) entitles the holder to purchase one common share of the Company (each, a \"Warrant Share\") at a price of C$0.30 at any time on or before June 30, 2028.The Warrant Shares will not qualify as \"flow-through shares\" within the meaning of subsection 66(15) of the Tax Act.The Offered Units were sold pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 (\"NI 45-106\"). The Offered Units are immediately freely tradeable under applicable Canadian securities legislation for Canadian purchasers. The Offering is subject to certain conditions including, but not limited to, the receipt of all required reg...