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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 25, 2023 9:21am
136 Views
Post# 35651864

RE:New Press Release - Bonterra Announces Binding Letter Agreement for Joint Venture with Osisko Mining

RE:New Press Release - Bonterra Announces Binding Letter Agreement for Joint Venture with Osisko Mining$30 million for 70% of everything. Plus most of the 30 million is in work to be performed and not going to shareholders. We'll see if the PP happens but my guess is it didn't and this was the last offer and they had no choice.

Now management gets to stick around and gather paychecks and bascially do nothing while shareholders now own 30% of the company instead of 100% plus it's going to be years before any of this is mined. 

The final sad chapter of this company is now in the books. It's been one long train wreck. 
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