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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2012) - BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) (the "Company" or "BonTerra") announces that it intends to complete a private placement of 6,250,000 flow-through units (the "FT Units") at a price of $0.08 per FT Unit for total gross proceeds of up to $500,000 and a private placement of up to 5,000,000 non flow-through units (the "NFT Units") at a price of $0.05 per NFT Unit for total proceeds of $250,000. Each FT Unit will consist of one flow-through common share (a "FT Share") and one non-flow through transferable share purchase warrant (a "FT Warrant"). Each FT Warrant will entitle the holder to purchase one non-flow through common share (a "FT Warrant Share") at a price of $0.12 for two years from the closing date. Each NFT unit will consist of one transferable common share (a "NFT Share") and one transferable share purchase warrant (a "NFT Warrant"). Each NFT Warrant is exercisable to purchase an additional common share (a "NFT Warrant Share") at a price of $0.10 for a period of two years from the closing date. |
