Bonterra Announces Upsize of Brokered Private Placement to
From GlobeNewswire: 2025-06-13 17:11:00
Bonterra Resources Inc. has increased the size of its brokered private placement due to strong market demand. The offering now includes up to 22,727,272 HD Units, up to 14,583,333 FT Units, and up to 6,557,377 Premium FT Units, for gross proceeds of approximately $10,500,000. The Offering will close on June 30, 2025, subject to customary conditions. The net proceeds will fund ongoing operations for the next twelve months. The HD Units will be used for corporate matters, while the FT Units and Premium FT Units will fund Canadian exploration expenses to qualify as flow-through mining expenditures.
Investors should read the Offering Document before participating in the Offering. The securities offered have not been registered under the United States Securities Act and may not be sold in the U.S. The Company’s forward-looking statements include expectations on regulatory approval and use of proceeds. Actual results may vary due to factors like financial market conditions, commodity prices, and mineral exploration risks. The Company advises against relying solely on forward-looking statements for investment decisions.
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