NEWS
BonTerra Arranges Private Placement andEngages Investor Relations Firm
5/19/2010 3:01:10 AM - MarketWire
VANCOUVER, BRITISH COLUMBIA, May 19, 2010 (Marketwire viaCOMTEX News Network) --
BonTerra Resources Inc. (TSX VENTURE:BTR)(FRANKFURT:9BR) (the "Company") has arranged, subject to the acceptanceof the TSX Venture Exchange, a private placement of 2,941,177flow-through units (the "FT Units") at
.17 per FT Unit for total grossproceeds of $500,000 and 3,333,334 non flow-through units (the "NFTUnits") at
.15 per NFT Unit for total gross proceeds of $500,000.
EachFT Unit will consist of one flow-through common share and onetransferable share purchase warrant, each warrant exercisable into onenon flow-through common share for a period of two years at a price of
.20 per share.
Each NFT Unit will consist of one nonflow-through common share and one transferable share purchase warrant,each warrant exercisable into an additional non flow-through commonshare for a period of two years at a price of
.17 per share.
Finders'fees will be payable on part or the whole of the placements, pursuantto the policies of the TSX Venture Exchange.
The Company alsoannounces that, subject to regulatory approval, it has retained MI3Communications Financieres Inc., of Montreal, Quebec, to provideinvestor relations services. MI3 will communicate with private retailand institutional investors and increase visibility of the Company'sprojects in the financial community.
MI3 will receivecompensation of $4,000 per month for a term of 12 months starting June1, 2010, as well as 300,000 incentive stock options under the Company'sstock option plan at an exercise price of
.15 per share for fiveyears. MI3 has advised the Company that it does not hold directly orindirectly any shares of the Company nor does it have any right toacquire any shares.
MI3 is a new age financial communicationService Company geared for today's fast paced global economy. Based inMontreal, MI3 has a general financial communications program made up ofthe following services: Proactive retail and Institutional (for coveredpublic companies), Online communication, Market Intelligence, PR roadshow, Market making service, strategic communication, Search engineoptimization, online marketing campaigns and CEO Webcasts. Theseservices are for small, mid, and large-cap public companies trading bothon U.S and Canada's capital markets throughout North America.
MI3'sstrength relies on its experienced team. These remarkably experiencedfinancial professionals have, through the years, created a privilegedhigh-value network of individuals and institutions.
The Companyis also pleased to announce that Thomas Clarke MSc, Pr.Sci.Nat. has beenappointed to the board of Directors. Mr. Clarke has diverse experiencein mineral exploration working on gold, platinum group metal,molybdenum-tungsten deposits. He has worked as a geologist in 5countries (Canada, South Africa, Madagascar, Russia and Guyana) and 5Canadian provinces and territories for various public and privateresource companies. Thomas has served as Chairman and CEO of NanooseGold from its inception. He is registered as a Qualified Person(Professional Natural Scientist-Geoscience) as per NI-43101 with theSouth African Council for Natural Scientific Professions. He holds aBachelor of Science in Geography from the University of Lethbridge.Thomas also holds a Bachelor of Science (Honours) in Geology, and aMaster of Science in Geology from the University of Witwatersrand inSouth Africa. Clarke has a balanced field and interpretive backgroundwhich is critical in the exploration industry.
ON BEHALF OF THEBOARD
BONTERRA RESOURCES INC.
Mitchell Adam, President,Director
This press release contains projections andforward-looking information that involve various risks and uncertaintiesregarding future events. Such forward-looking information can includewithout limitation statements based on current expectations involving anumber of risks and uncertainties and are not guarantees of futureperformance of BonTerra such as the statement that: (i) the closing ofthe transaction may occur; and (ii) the combination creates theopportunity to develop a sustainable and profitable mining operationwithin a low-risk political jurisdiction. There are numerous risks anduncertainties that could cause actual results and BonTerra's plans andobjectives to differ materially from those expressed in theforward-looking information, including (i) the inability to close thetransaction for any reason; (ii) the inability to close the financing;(iii) the inability to obtain exchange approval (iv) a continueddownturn in general economic conditions; (v) decreased demand forminerals and lower mineral prices; (vi) the inherent uncertainties andspeculative nature associated with mineral exploration; (vii) any numberof events or causes which may delay or cease exploration anddevelopment of BonTerra's property interests; (viii) the risk thatBonTerra does not execute its business plan; (ix) inability to financeoperations and growth; and (x) other factors beyond BonTerra's control.Actual results and future events could differ materially from thoseanticipated in such information. These and all subsequent written andoral forward-looking information are based on estimates and opinions ofmanagement on the dates they are made and are expressly qualified intheir entirety by this notice. Except as required by law, BonTerraassumes no obligation to update forward-looking information shouldcircumstances or management's estimates or opinions change.
SOURCE:BonTerra Resources Inc.
BonTerra Resources Inc. Mitchell Adam(604) 669-9330 mitchellgadam@shaw.ca www.bonterraresources.com
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