BonTerra Resources Inc V.BTR

Alternate Symbol(s): BONXF

Metals & Mining Gold

Bonterra Resources Inc. is a Canada-based gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company is engaged in the business of acquiring, exploring, and evaluating natural resource properties in the province of Quebec. The Company’s assets include Gladiator, Barry, Moroy, and Bachelor. The Company holds a 100% interest in 436 mineral claims covering 22,779.32 hectares surrounding the town of Desmaraisville. The Bachelor Mine is located on one mining concession, and one mining lease, four kilometers (km) south of Highway 113 and 90 km northeast of the city of Lebel-sur-Quevillon. The Company holds a 100% interest in 21 mineral claims in the city of Val-d’Or in Quebec covering 457.53 hectares. The Company holds a 90% interest in two mining leases north of the town of Skead within the city of Greater Sudbury in Ontario. The two mining leases cover an area of approximately 129.99 hectares.

TSXV:BTR - Post by User

BonTerra Resources Inc

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Post by brapmon Feb 16, 2012 7:21am

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Post# 19541510

New president

Vancouver, BC - February 16, 2012: BonTerra Resources Inc. (TSX.V: BTR; FSE: 9BR) (the "Company") is pleased to announce that it has arranged for a non-brokered private placement of up to 6,666,666 units of the Company (the "Units") at
.15 per Unit for a total gross proceeds of up to $1,000,000 (the "Offering"). The Company plans to use the proceeds from the Offering towards drilling and work programs, as well as general working capital.

Each Unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to acquire an additional common share at an exercise price of
.20 per common share for a period of one year from the closing date.

In connection with the brokered private placement, the Company is expected to pay a finder's fee in accordance with the policies of the TSX Venture Exchange (the "Exchange").

All of the securities to be issued by the Company in connection with this offering will be subject to a hold period, which expires four months and a day after the closing date.

The closing of the Offering is subject to approval from the Exchange.

The Company also announces the appointment of Navjit Dhaliwal as the Company's President, Chief Executive Officer and a director and the resignation of Mitchell Adam as the President, Chief Executive Officer and a director of the Company effective immediately.

Mr. Dhaliwal brings a wealth of entrepreneurial, sales, and financing experience. He is particularly adept at nurturing early stage companies through their critical phases of evolution, having founded a number of companies over his career. Mr. Dhaliwal is also very experienced in corporate development, corporate communications and investor relations, bringing valuable business relationships with international analysts, brokers and investment bankers from Canada, the United States and Asia.

The Company wishes to thank Mr. Adam for his contribution to the Company and wishes him success in his future endeavors.

ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.

Navjit Dhaliwal
President, Director