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BonTerra Resources Inc V.BTR

Alternate Symbol(s):  BONXF

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

Comment by fruitvale3067on Sep 19, 2022 11:03pm
70 Views
Post# 34972821

RE:RE:RE:Next PP

RE:RE:RE:Next PP
Iluv wrote: NO DILUTION and when the CRUX is posted Im sure you will hear that .


Iluv also wrote: A mix of equity debt and convertible . Many are interested


Iluv lets talk a little bit about this mix of equity debt and convertible debt. What kind of equity debt. The people providing the money up front aren't just going to give it to BTR for free. They will want something in return plus. When I hear equity debt it sounds like company shares to me. Thats dilution. 

Now onto convertible debt. Again what is being cinverted. The investors give there money but get what in return? Shares? Gold and extra percentage of profits? What?

I found this nice little piece you'll find interesting on convertable debt.

"

Reasons to Consider Not Using Convertible Debt

Convertible loan agreements are complicated documents that lawyers should draft to protect the company and the investor. Law fees are costly for a startup company looking for a loan.

One of the biggest reasons companies are hesitant to use convertible debt is dilution. Dilution occurs on conversions when other investors besides the original investors begin buying shares of stock. When a loan converts before the next round of investments starts, investors lose a percentage of their share in the company. 


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