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Bonterra Resources Inc. V.BTR

Alternate Symbol(s):  BONXF

Bonterra Resources (BTR:V; BONXF: OTCQX) Is a gold exploration company focused on adding ounces to the world-class Abitibi Gold Belt in Quebec and Ontario, located in the most active exploration region in Canada with year round access.


TSXV:BTR - Post by User

Bullboard Posts
Post by witsguyon Jun 09, 2015 8:47am
105 Views
Post# 23810123

$168K Mgt Fees, $185k IR, $510k NON Incurred Exploration

$168K Mgt Fees, $185k IR, $510k NON Incurred ExplorationSome Real Gems from SEDAR... for the Nine Months Ended February 28, 2015. This is beyond hilarious and appears potentially grotesque n'est pas? -Management fees of $168,194 (2014 - $90,000) were higher in 2015 as the Company had both a President and a CEO in 2015, whereas there was just one position in 2014. As of October 31, 2014, the Company returned to just one position; -The Company incurred costs of $185,720 in shareholder communications and investor relations as compared to $17,093 in 2014. -Consulting fees of $236,740 (2014 - $101,414) increased as the Company engaged additional consultants to assist with the restructuring and financing in 2015; -At February 28, 2015, the Company had a remaining commitment to incur exploration expenditures in relation to its 2013 and 2012 flow-through share financings of $510,062. As of the date of this MD&A, the flow-through funds were not spent. The Company will be required to pay penalties on the unspent flow-through funds. During the nine months ended February 28, 2015 the Company reported a net loss of $3,022,543 compared to a net loss for the nine months ended February 28, 2014 of $388,016.
Bullboard Posts