Bonterra Congratulates Osisko Mining on C$2.16 Billion Friendly Takeover by Gold Fields
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) congratulates Osisko Mining on its C$2.16 billion friendly takeover by Gold Fields The all-cash transaction values Osisko shares at C$4.90 per share, representing a 55% premium to the 20-day volume weighted average trading price. Bonterra's CEO, Marc André Pelletier, expressed enthusiasm for the deal, highlighting its significance for the Windfall gold project and the region's development. He also emphasized Bonterra's commitment to continuing the joint venture with their new partner, Gold Fields.
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) congratula Osisko Mining per la sua offerta amichevole di C$2,16 miliardi da parte di Gold Fields. La transazione in contante valuta le azioni di Osisko a C$4,90 per azione, rappresentando un premio del 55% rispetto al prezzo medio ponderato per il volume degli ultimi 20 giorni. Il CEO di Bonterra, Marc André Pelletier, ha espresso entusiasmo per l'accordo, sottolineando la sua importanza per il progetto aurifero Windfall e per lo sviluppo della regione. Ha anche enfatizzato l'impegno di Bonterra a continuare la joint venture con il loro nuovo partner, Gold Fields.
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) felicita a Osisko Mining por su adquisición amistosa de C$2.16 mil millones por parte de Gold Fields. La transacción totalmente en efectivo valora las acciones de Osisko en C$4.90 por acción, lo que representa una prima del 55% sobre el precio promedio ponderado por volumen de los últimos 20 días. El CEO de Bonterra, Marc André Pelletier, expresó entusiasmo por el acuerdo, destacando su importancia para el proyecto de oro Windfall y el desarrollo de la región. También enfatizó el compromiso de Bonterra de continuar la empresa conjunta con su nuevo socio, Gold Fields.
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF)는 Gold Fields에 의한 C$2.16 billion 우호적 인수에 대해 Osisko Mining에 축하를 전합니다. 전체 현금 거래는 Osisko의 주식을 C$4.90 per share로 평가하며, 이는 20일 평균 거래 가격에 비해 55% 프리미엄을 나타냅니다. Bonterra의 CEO인 Marc André Pelletier는 이 거래에 대한 열정을 표현하며 Windfall 금 프로젝트와 지역 개발에 대한 중요성을 강조했습니다. 그는 또한 Bonterra가 새로운 파트너인 Gold Fields와의 조인트 벤처를 지속할 것이라는 의지를 강조했습니다.
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) félicite Osisko Mining pour sa prise de contrôle amiable de 2,16 milliards de C$ par Gold Fields. Cette transaction entièrement en espèces valorise les actions d'Osisko à 4,90 C$ par action, représentant une prime de 55% par rapport au prix moyen pondéré par le volume des 20 derniers jours. Le PDG de Bonterra, Marc André Pelletier, a exprimé son enthousiasme pour l'accord, soulignant son importance pour le projet aurifère Windfall et le développement de la région. Il a également insisté sur l'engagement de Bonterra à poursuivre le partenariat avec leur nouveau partenaire, Gold Fields.
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) gratuliert Osisko Mining zu seiner freundlichen Übernahme in Höhe von C$2,16 Milliarden durch Gold Fields. Die rein bar bezahlte Transaktion bewertet die Osisko-Aktien mit C$4,90 pro Aktie, was eine 55%ige Prämie zum 20-tägigen volumengewichteten Durchschnittspreis darstellt. Der CEO von Bonterra, Marc André Pelletier, äußerte sich begeistert über den Deal und hob dessen Bedeutung für das Windfall-Goldprojekt und die Entwicklung der Region hervor. Er betonte auch Bonterras Engagement, die Partnerschaft mit ihrem neuen Partner Gold Fields fortzusetzen.
- Bonterra's joint venture partner Osisko Mining acquired for C$2.16 billion, potentially increasing the value of their shared projects
- 55% premium paid for Osisko shares indicates strong valuation of the Windfall gold project and surrounding exploration camp
- Acquisition by major gold producer Gold Fields may lead to increased development and growth in the region
- None.
Val-d'Or, Quebec--(Newsfile Corp. - August 12, 2024) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ("Bonterra" or the "Company") congratulates Osisko Mining Inc. ("Osisko Mining") on their recent announcement that it has entered into a definitive arrangement agreement dated August 12, 2024 (the "Arrangement Agreement") pursuant to which Gold Fields Limited, through a
The Consideration represents an approximate
Marc André Pelletier, President and CEO commented: "We extend a well-deserved congratulations to our neighbors and joint venture partners, Osisko Mining, on this important milestone. The significant premium paid by Gold Fields underscores the value of the Windfall gold project and its highly prospective exploration camp. We are confident that this transaction will further drive growth and development in the region. We look forward to continuing the joint venture with our new partner Gold Fields and to the shared success that lies ahead."
About Bonterra Resources Inc.
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, which include the Gladiator and Barry deposits. Over the next three years, Osisko can earn a
FOR ADDITIONAL INFORMATION
Marc-André Pelletier, President & CEO
ir@btrgold.com
2872 Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9
819-279-9304 | 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. 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 the ability and timing of the parties to complete the Joint Venture (if at all), whether the work expenditures would be incurred as contemplated in the Agreement (or at all), the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in the Company's 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219650
FAQ
What is the value of Gold Fields' takeover of Osisko Mining announced on August 12, 2024?
What is the price per share offered by Gold Fields for Osisko Mining shares?
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