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Bonterra Grants Security-Based Compensation

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Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) has announced the issuance of stock options to company employees, officers, and directors. The compensation package includes 1,875,000 common shares that can be exercised at $0.26 per share. The stock options vest immediately and have a five-year exercise period from the grant date. The implementation of these options is subject to regulatory approval and follows the company's stock option plan.

Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ha annunciato l'emissione di opzioni su azioni destinate a dipendenti, dirigenti e membri del consiglio della società. Il pacchetto retributivo comprende 1.875.000 azioni ordinarie esercitabili a 0,26 $ per azione. Le opzioni su azioni maturano immediatamente e prevedono un periodo di esercizio di cinque anni dalla data di assegnazione. L'attuazione di queste opzioni è soggetta all'approvazione regolamentare e segue il piano di opzioni su azioni della società.

Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ha anunciado la emisión de opciones sobre acciones para empleados, directivos y miembros del consejo de la empresa. El paquete de compensación incluye 1.875.000 acciones ordinarias que pueden ejercerse a $0.26 por acción. Las opciones sobre acciones se conceden de forma inmediata y cuentan con un período de ejercicio de cinco años desde la fecha de otorgamiento. La implementación de estas opciones está sujeta a la aprobación regulatoria y sigue el plan de opciones sobre acciones de la empresa.

Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2)는 회사 직원, 임원 및 이사들에게 스톡 옵션을 발행한다고 발표했습니다. 보상 패키지에는 1,875,000 보통주가 포함되며, 주당 $0.26에 행사할 수 있습니다. 스톡 옵션은 즉시 취득되며 부여일로부터 5년간 행사 기간이 주어집니다. 이 옵션의 시행은 규제 당국의 승인을 받아야 하며 회사의 스톡 옵션 계획에 따릅니다.

Bonterra Resources (TSXV : BTR) (OTCQX : BONXF) (FSE : 9BR2) a annoncé l’émission de options d’achat d’actions destinées aux employés, dirigeants et administrateurs de la société. Le plan de rémunération comprend 1 875 000 actions ordinaires pouvant être exercées à 0,26 $ par action. Les options sont acquises immédiatement et disposent d’une période d’exercice de cinq ans à compter de la date d’attribution. La mise en œuvre de ces options est soumise à l’approbation réglementaire et suit le plan d’options d’achat d’actions de la société.

Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) hat die Ausgabe von Aktienoptionen an Mitarbeiter, Führungskräfte und Direktoren des Unternehmens bekannt gegeben. Das Vergütungspaket umfasst 1.875.000 Stammaktien, die zu 0,26 $ pro Aktie ausgeübt werden können. Die Aktienoptionen sind sofort unverfallbar und haben eine Ausübungsfrist von fünf Jahren ab dem Gewährungsdatum. Die Umsetzung dieser Optionen unterliegt der behördlichen Genehmigung und folgt dem Aktienoptionsplan des Unternehmens.

Positive
  • None.
Negative
  • Potential shareholder dilution of 1,875,000 shares if all options are exercised

Val-d'Or, Quebec--(Newsfile Corp. - April 25, 2025) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ("Bonterra" or the "Company") announces the grant of incentive stock options to acquire a total of 1,875,000 common shares of the Company to various employees, officers, and directors of the Company pursuant to the Company's stock option plan and subject to any regulatory approval. Each stock option vests immediately and is exercisable at a price of $0.26 per share for a period of five years from the date of the grant.

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 a 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$2.16 billion. Gold Fields is now the counterparty to the JV Agreement and can continue to earn a 70% interest in the joint venture by incurring C$30 million in work expenditures until November 2026 (including expenditures incurred by Osisko Mining prior to October 2024). This strategic transaction highlights Bonterra's dedication to advancing its exploration assets, marking a significant step towards development.

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.

Caution regarding forward-looking statements

This press release contains "forward-looking information" that is based on Bonterra's current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the earn-in and joint venture agreement with Osisko Mining announced on November 28, 2023. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics, and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra's actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political, and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249718

FAQ

How many stock options did Bonterra Resources (BONXF) grant in April 2025?

Bonterra Resources granted 1,875,000 stock options to employees, officers, and directors.

What is the exercise price for Bonterra Resources' (BONXF) new stock options?

The stock options can be exercised at $0.26 per share.

When do the BONXF stock options expire?

The stock options have a five-year exercise period from the April 2025 grant date.

Are Bonterra Resources' (BONXF) new stock options immediately exercisable?

Yes, the stock options vest immediately upon grant.
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