Bonterra Announces Strategic Investment by Kinross Gold

BonTerra logo, V.BTR, gold

BonTerra Resources Inc. (TSX-V: BTR) is pleased to announce that Kinross Gold Corporation has agreed to acquire, by way of private placement, 14,857,440 common shares of BonTerra at a price of $0.35 per Common Share for total gross proceeds of $5,200,104. On closing of the Transaction, Kinross will hold approximately 9.5% of BonTerra’s issued and outstanding common shares on an undiluted basis.

The Transaction is expected to close on or about March 24, 2017. The gross proceeds from the sale of the Common Shares will be used for exploration on BonTerra’s properties and for general working capital purposes.
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