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| Home : BonTerra Resources Announces Financing With Laurentian Bank Securities |
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Sep 24
2014 |
BonTerra Resources Announces Financing With Laurentian Bank Securities |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 24, 2014) - BonTerra Resources Inc. ("BonTerra" or the "Company") (TSX VENTURE:BTR)(OTCBB:BONXF)(FRANKFURT:9BR) is pleased to announce a best efforts private placement (the "Financing") with Laurentian Bank Securities Inc. acting as lead agent (the "Agent"). The total gross proceeds under the Financing will be up to C$1.0 million of common share units (the "Units") at a price of C$0.15 per Unit and up to C$1.5 million of flow-through units (the "Flow-Through Units") at a price of C$0.20 per Flow-Through Unit. Each Unit consists of one common share and one common share purchase warrant; with a full warrant exercisable into one common share at a price of $0.30 for a period of 18 months from closing of the Financing. Each Flow-Through Unit consisting of one flow-through common share and one half of one non-flow through common share purchase warrant; with a full warrant exercisable into one common share at a price of $0.35 for a period of 18 months from closing of the Financing. The Company will grant the Agent an option to sell additional Units and Flow-Through Units to raise additional gross proceeds of up to C$1,000,000 (the "Over-Allotment Option") exercisable up to the closing date, anticipated to be October 20, 2014. The Flow-Through Units and Units (the "Offered Securities") will be offered and sold pursuant to private placement exemptions to accredited investors in the Qualifying Jurisdictions. |
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| Source:http://www.marketwired.com/mw/release.do?id=1950271&sourceType=3 |
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