Bonterra Resources Inc. (
TSX: V.BTR,
OTCQB: BONXF,
Forum) announced today that the $6 million bought-deal financing which was previously
announced yesterday has already been increased to $9,394,000. Sprott Capital Partners, a division of Sprott Private Wealth LP, is acting as lead underwriter, and has agreed to the increased offering.
The financing will consist of a combination of 11,000,000 flow-through common shares of the Company, and 19,800,000 common shares. The flow-through shares are priced at $0.35, while the common shares are priced at $0.28. Further information can be found
here.
Bonterra was recently in the news earlier this month when it announced continued
high-grade gold intercepts at its Gladiator Gold Deposit.
The Company has 91 million shares outstanding and a market cap of $30.6 million.
FULL DISCLOSURE: Bonterra Resources Inc. is a paid client of Stockhouse Publishing.