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| Home : BonTerra Announces Closing of Non-Brokered Private Placement |
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Mar 13
2012 |
BonTerra Announces Closing of Non-Brokered Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 12, 2012) - BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) (the "Company") is pleased to announce in furtherance to its news release dated February 16, 2012 wherein the Company announced that it arranged a non-brokered private placement of up to 6,666,666 units of the Company (the "Units"), it has today completed the closing of a non-brokered private placement of 7,710,330 Units at $0.15 per Unit for a total gross proceeds of $1,156,549. The private placement has been oversubscribed by 1,043,664 Units and $156,549. Each Unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to acquire an additional common share at an exercise price of $0.20 per common share for a period of two years from the closing date. |
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| Source:http://www.marketwire.com/mw/release.do?id=1630866&sourceType=3 |
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