Bonterra Announces Closing of Private Placement of Flow-Through Units
Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) has completed a non-brokered private placement, selling 2,722,391 flow-through units at $0.40 per unit for gross proceeds of $1,088,956.40. Each unit includes one flow-through share and half a warrant, with each full warrant exercisable at C$0.31 until December 12, 2026.
The offering attracted key investors including SIDEX, a mineral exploration investment fund, and Wexford Capital. The proceeds will fund Canadian exploration expenses and utilize VRIFY's AI tools for exploration work at the company's Desmaraisville property, which hosts the Bachelor Mill. Quebec residents will be eligible for an additional 20% tax deduction. Company insiders participated by acquiring 548,478 units.
Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) ha completato un collocamento privato non intermediato, vendendo 2.722.391 unità flow-through a 0,40 $ per unità, per un ricavato lordo di 1.088.956,40 $. Ogni unità include un'azione flow-through e mezza opzione, con ogni opzione intera esercitabile a C$0,31 fino al 12 dicembre 2026.
L'offerta ha attirato investitori chiave, tra cui SIDEX, un fondo d'investimento per l'esplorazione mineraria, e Wexford Capital. I proventi saranno utilizzati per finanziare le spese di esplorazione in Canada e per utilizzare gli strumenti AI di VRIFY per il lavoro di esplorazione presso la proprietà Desmaraisville dell'azienda, sede del Bachelor Mill. I residenti del Quebec avranno diritto a una deduzione fiscale aggiuntiva del 20%. I membri interni dell'azienda hanno partecipato acquisendo 548.478 unità.
Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) ha completado una colocación privada no intermediada, vendiendo 2.722.391 unidades flow-through a 0,40 $ por unidad, para un ingreso bruto de 1.088.956,40 $. Cada unidad incluye una acción flow-through y media opción, con cada opción completa ejercitable a C$0,31 hasta el 12 de diciembre de 2026.
La oferta atrajo a inversores clave, incluidos SIDEX, un fondo de inversión en exploración mineral, y Wexford Capital. Los ingresos se destinarán a financiar los gastos de exploración en Canadá y utilizar las herramientas de inteligencia artificial de VRIFY para el trabajo de exploración en la propiedad Desmaraisville de la empresa, que alberga el Bachelor Mill. Los residentes de Quebec serán elegibles para una deducción fiscal adicional del 20%. Los miembros de la empresa adquirieron 548.478 unidades.
Bonterra Resources (TSXV: BTR) (OTCQX: BONXF)는 비중개 개인 배치를 완료하여 2,722,391개의 유동주식을 주당 0.40 달러에 판매하여 총 수익 1,088,956.40 달러를 올렸습니다. 각 유닛에는 하나의 유동주식과 반개의 워런트가 포함되어 있으며, 각 완전 워런트는 2026년 12월 12일까지 C$0.31에 행사할 수 있습니다.
이번 오퍼링은 광물 탐사 투자 기금인 SIDEX 및 Wexford Capital을 포함한 주요 투자자들을 유치했습니다. 수익금은 캐나다 탐사 비용에 사용되며, 회사의 Desmaraisville 자산 근처에서 VRIFY의 인공지능 도구로 탐사 작업을 시행할 예정입니다. 퀘벡 주민들은 추가로 20%의 세금 공제를 받을 수 있습니다. 회사 내부자들은 548,478 유닛을 구매하여 참여했습니다.
Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) a complété un placement privé sans intermédiaire, vendant 2.722.391 unités de type flow-through à 0,40 $ l'unité, pour des produits bruts de 1.088.956,40 $. Chaque unité comprend une action flow-through et une demi-option, chaque option complète pouvant être exercée à 0,31 $ CA jusqu'au 12 décembre 2026.
L'offre a attiré des investisseurs clés, notamment SIDEX, un fonds d'investissement en exploration minérale, et Wexford Capital. Les produits serviront à financer les dépenses d'exploration au Canada et utiliseront les outils d'IA de VRIFY pour les travaux d'exploration sur la propriété Desmaraisville de l'entreprise, qui abrite le Bachelor Mill. Les résidents du Québec auront droit à une déduction fiscale supplémentaire de 20 %. Les membres internes de l'entreprise ont participé en acquérant 548.478 unités.
Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) hat eine nicht vermittelte Privatplatzierung abgeschlossen und 2.722.391 Flow-Through-Einheiten zu je 0,40 $ pro Einheit verkauft, was einem Bruttoerlös von 1.088.956,40 $ entspricht. Jede Einheit umfasst eine Flow-Through-Aktie und eine halbe Warrant, wobei jede volle Warrant bis zum 12. Dezember 2026 zu C$0,31 ausgeübt werden kann.
Das Angebot zog wichtige Investoren an, darunter SIDEX, einen Fonds für Mineralexploration, und Wexford Capital. Die Erlöse werden zur Finanzierung der Erkundungsausgaben in Kanada verwendet, und es werden die KI-Tools von VRIFY für die Erkundungsarbeiten auf dem Firmengelände Desmaraisville eingesetzt, das die Bachelor Mill beherbergt. Einwohner von Quebec sind berechtigt, einen zusätzlichen Steuerabzug von 20 % zu erhalten. Unternehmensinsider haben sich beteiligt, indem sie 548.478 Einheiten erworben haben.
- Raised $1.09M through flow-through unit offering
- Strategic investment from SIDEX fund and Wexford Capital
- No finder's fees paid on the offering
- Insider participation demonstrates management confidence
- Share dilution through issuance of 2,722,391 new units
- Additional potential dilution from warrant exercise
Val-d'Or, Quebec--(Newsfile Corp. - December 12, 2024) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ("Bonterra" or the "Company") is pleased to announce the closing of a non-brokered private placement (the "Offering") pursuant to which the Company sold 2,722,391 flow-through units of the Company (each, a "FT Unit") at a price of
The FT Shares and Warrants are subject to a four-month restricted period in Canada ending on April 13, 2025. The Offering is subject to certain conditions including, but not limited to, receipt of all required regulatory approvals including final approval of the TSX Venture Exchange. No finder's fees were paid in connection with the Offering.
Marc-André Pelletier, President and CEO, commented: "We are thrilled to have SIDEX, a mineral exploration investment fund, and Wexford Capital, a long-time Bonterra shareholder, participate in this offering. This investment will enable us to leverage VRIFY's AI tools and the 2023-24 exploration work at our
André Laferrière, Investment manager at SIDEX commented: "This investment reaffirms SIDEX's commitment to promoting innovation in mineral exploration in Québec. We believe the application of new technologies, such as artificial intelligence, could benefit the targeting process in more mature exploration projects."
The gross proceeds from the sale of FT Units will be used by the Company to incur expenses described in paragraph (f) of the definition of "Canadian exploration expense" ("CEE") in subsection 66.1(6) of the Income Tax Act (Canada) (the "Tax Act") and paragraph (c) of the definition of CEE in section 395 of the Taxation Act (Québec) (the "QTA"). Purchasers of FT Units resident in the Province of Québec will, in accordance with applicable provisions of the QTA, be eligible for an additional
Insiders of the Company directly or indirectly acquired 548,478 FT Units. The issuance of FT Units to insiders is considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed
The securities referred to herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, any U.S. persons or any persons within the United States absent registration or available exemptions from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. 'United States' and 'U.S. person' are as defined in Regulation S under the U.S. Securities Act.
About Bonterra
Bonterra is a Canadian gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company's assets include the Gladiator, Barry, Moroy, and Bachelor gold deposits, which collectively hold 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category.
In November 2023, the Company entered into an earn-in and joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties (the "JV Agreement"), which include the Gladiator and Barry deposits. In October 2024, Gold Fields Ltd completed the acquisition of Osisko Mining for C
About SIDEX LP
SIDEX is an initiative of the Québec government and the Fonds de solidarité FTQ. Its mission is to invest in companies engaged in mineral exploration in Québec in order to diversify the province's mineral base, promote innovation and encourage new entrepreneurs.
About VRIFY
VRIFY Technologies is revolutionizing mineral exploration through its AI-assisted mineral discovery platform, which delivers proven results. Combining proprietary AI algorithms with one of the industry's largest datasets, VRIFY helps exploration companies uncover valuable mineralization in their existing data without drilling new holes. The company's vision transformer technology identifies complex patterns that traditional methods and other AI tools miss, while its advanced visualization capabilities enable clients to communicate discoveries to stakeholders effectively. Led by industry veterans and backed by proven success cases, VRIFY is transforming how forward-thinking mining companies approach mineral discovery in the Age of AI.
FOR ADDITIONAL INFORMATION
Marc-André Pelletier, President & CEO
ir@btrgold.com
2872 Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9
819-825-8678 | Website: www.btrgold.com
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.
Forward-Looking Information
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements or information. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Forward-looking statements made in this news release include statements regarding the proposed use of proceeds of the Offering. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, with respect to the Offering, the timing of final TSX Venture Exchange approval; and with respect to the use of proceeds, the sufficiency of the proceeds, the speculative nature of mineral exploration and development, fluctuating commodity prices, and competitive, as described in more detail in our recent securities filings available at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
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FAQ
How much did Bonterra Resources (BONXF) raise in its December 2024 private placement?
What is the exercise price and expiry date for BONXF's new warrants?
How many flow-through units did insiders purchase in BONXF's private placement?
What tax benefits do Quebec investors get from BONXF's flow-through shares?
How will BONXF use the proceeds from the December 2024 private placement?
