BonTerra Resources Inc. (TSX-V: BTR) is pleased to announce that it has entered into an amended agreement with Sprott Capital Partners, a division of Sprott Private Wealth LP (“Sprott”) to act as lead underwriter (the “Underwriter”), and has agreed to increase the offering size of purchased securities from $9,394,000 to $12,902,400 in gross proceeds (the “Offering”).
The Offering will consist of a combination of (a) 11,000,000 flow-through common shares of the Company (“Flow-Through Shares”) at a price of $0.35 per Flow-Through Share and (b) 32,330,000 common shares of the Company (“Common Shares”) at a price of $0.28 per Common Share.
In addition, the Company will complete a non-brokered private placement of 3,660,000 Common Shares at a price of $0.28 per Common Share (the “Non-brokered Offering”). The Non-brokered Offering will be completed on the same terms as the Offering. The Non-brokered Offering will close concurrently with the Offering.