BonTerra Resources Inc. (
TSX: V.BTR,
OTCQB: BONXF,
Forum) said Friday it has completed a bought deal financing that raised $20 million, money that is earmarked for general corporate purposes and working capital.
The financing was led by Sprott Capital Partners and was recently increased from an earlier target of $12.9 million.
More information can be found
here.
BonTerra was in the news recently
when it announced that it has entered into an option agreement with
Durango Resources Inc. (
TSX: V.DGO,
OTC: ATOXF,
Forum) in relation to a strategic gold property.
Under the agreement, BonTerra can earn a 100% interest in Durango’s Trove Windfall Lake property, which is located in the Windfall-Urban Gold Camp district in northern Quebec.
The Trove Property is a direct extension of the south west mineralized trend that BonTerra is currently exploring on its Gladiator Gold Deposit and Coliseum Gold Property. The BonTerra team is experienced and very familiar with the type of geology hosted by the Trove Property.
The Gladiator Project consists of three properties, including West Arena, East Arena, and Coliseum. All are located close to each other.
Full Disclosure: Bonterra Resources Inc. is a paid client of Stockhouse Publishing.