Bonavista Energy Corp BNPUF

Bonterrar Rejects Obsedian OFFER and accesses Federal loan

[skippy1]

To the Board of Bonavista, Bonterra has accessed a Federal loan!!!! They have protected minority shareholders, something you did not do!!!! Calfrac has rejected G2s2 .03cents per share. A majority shareholder will be paying over .25 cents.

[SPLENDID12]

This post has been removed in accordance with Community Policy

[Scotchlight1001]

I note the amount of the Bonterra loan is 45 million. The amount of the Bonavista land acquisition in November 2019 was 53.3 million (borrowed money). If Bonavista did not do this transaction they would still be a public company today.

[skippy1]

You said that the CPP has a fiduciary duty form an investigation in this criminal act by the directors of BNP, why isn't anyone doing anything about this? Thank you!

[Scotchlight1001]

The applicable legislation is the Canada Pension Plan Investment Board Act. Pertinent clauses include: Objects and Powers, 5(c); Duty of Care, 14(1); Audit Committee, 31(e); Investments, Financial Statements, 36; Offence, False Statements, 54(1). The CPP does have investments in Private Equity. An increase in its stake in BNP at a price from 17 cents to 34 cents a short time prior to the