Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Gold junior raises bought deal for the 2nd time

Stockhouse Editorial
0 Comments| February 13, 2017

{{labelSign}}  Favorites
{{errorMessage}}

Bonterra Resources Inc. (TSX: VC.BTR, OTCQB: BONXF, Forum) announced today that it has amended its bought-deal financing agreement with Sprott Capital Partners, a division of Sprott Private Wealth LP. This is the second time the agreement has been amended to increase the size of the placement. The amended agreement now specifies an offering with total gross proceeds of $12,902,000. Sprott Capital Partners is acting as lead underwriter in the placement.

The offering will consist of a) 11,000,000 flow-through shares at a unit price of $0.35, and b) 32,330,000 common shares of the Company, priced at $0.28 per unit. Additionally, Bonterra will now be adding a non-brokered private placement of 3,660,000 common shares, also at a unit price of $0.28. The non-brokered private placement is to be completed on the same terms as the brokered placement, as originally announced on February 6, 2017.

The Company was recently in the news earlier this month when it announced the first increase in its bough-deal financing, up to $9.4 million.

FULL DISCLOSURE: Bonterra Resources Inc. is a paid client of Stockhouse Publishing.

Tags:

{{labelSign}}  Favorites
{{errorMessage}}

Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today