Bonterra Resources Amends Close of Financing
Vancouver, BC – January 19, 2015: BonTerra Resources Inc. (TSX-V: BTR) (the “Company”) announces that, further to its news release issued December 22, 2014 whereas the Company closed a Non-Brokered Private Placement Financing (the “Private Placement”) for gross proceeds of $607,500, the Company has increased its gross proceeds to $617,500 and allotted and issued an additional 100,000 Units.
Pursuant to the Private Placement, the Company has allotted and issued a total of 6,175,000 units (the “Units”) at a price of $0.10 per Unit. Each Unit consists of one common share in the capital of the Company and one share purchase warrant (the “Warrant”). Each Warrant is exercisable by the holder to acquire one additional common share of the Company for a period of two years from issuance at an exercise price of $0.20 per share. In relation to the Private Placement, the Company paid a finder’s fee of $2,500 and 25,000 Finder’s Warrants to a registered dealer. Each Finder’s Warrant is exercisable by the holder to acquire one additional common share of the Company for a period of two years from issuance at an exercise price of $0.20 per share. All securities issued under the Private Placement are subject to a four-month and one-day hold period.
About BonTerra Resources
BonTerra is a Canadian gold exploration company based in Vancouver, BC focused on continuing to expand its NI 43-101 compliant gold resource on its Eastern Extension 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 NE of Val-d’Or and 125 km SW of Chibougamau in the Urban, Barry and Bailly townships in Québec.
For further information, please contact Nav Dhaliwal, President, at firstname.lastname@example.org.
ON BEHALF OF THE BOARD OF DIRECTORS
Nav Dhaliwal, President
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