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.