Bonterra Announces Non-brokered Private Placement
Vancouver, BC – May 30, 2013: BonTerra Resources Inc. (TSXV: BTR; FSE: 9BR) (the “Company” or “BonTerra”) announces that it intends to complete a private placement consisting of 20,000,000 flow-through units (the “FT Units”) at a price of $0.05 per FT Unit for total gross proceeds of up to $1,000,000 and up to 3,000,000 non flow-through units (the “NFT Units”) at a price of $0.05 per NFT Unit for total proceeds of $150,000 (the “Private Placement”).
Both, the NFT Units and the FT Units, are comprised of one common share and one-half of one share purchase warrant, each whole share purchase warrant entitling the holder to purchase an additional non flow-through common share at a price of $0.10 for a period of 12 months from the closing date.
The proceeds from the flow-through portion of the Private Placement will be used to conduct the exploration program on the Company’s properties located in Quebec and the proceeds from the non flow-through portion of the Private Placement will be used to seek out potential property ventures and for general working capital purposes. Finders’ fees may be payable subject to Exchange guidelines.
The Private Placement is subject to TSX Venture Exchange acceptance. All securities issued under the Private Placement will be subject to a four-month statutory hold period.
About BonTerra Resources Inc.
BonTerra is a Canadian gold exploration company based in Vancouver, BC focused on continuing to expand the drill defined gold zones on its Eastern Extension Property (the “Property”), part of the world famous Abitibi Greenstone Belt in mining-friendly Quebec. BonTerra has a total of three gold properties in the Urban-Barry belt: the Eastern Extension, Lavoie and Urban-Barry Properties which are located approximately 170 km northeast of Val-d’Or and approximately 125 km southwest of Chibougamau in the Urban, Barry and Bailly townships of Québec.
The Company owns 100% of the Property subject to a 2% NSR which is held by three individuals. 1% of the NSR can be purchased for a sum of $500,000.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
President, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.