BONTERRA RESOURCES INC. ("BTR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 7, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 9, 2015 and July 7, 2015:
Number of Shares: 2,083,350 flow-through shares (units)
3,000,000 non flow-through shares (units)
6,527,274 flow-through shares (shares only)
Purchase Price: $0.24 per flow-through share (units)
$0.20 per non flow-through share (units)
$0.22 per flow-through share (shares only)
Warrants: 2,083,350 share purchase warrants under FT units to purchase 2,083,000 shares
3,000,000 share purchase warrants under NFT units to purchase 3,000,000
Warrant Exercise Price: $0.35 for a two-year period (FT units)
$0.30 for a three-year period (NFT units)
Number of Placees: 16 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Nav Dhaliwal Y 100,000 NFT
Oban Mining Corporation Y 6,527,274 FT
Finder's Fee: $5,000 cash and *25,000 warrants payable to Pope & Company Ltd.
$153,020 cash and **690,242 warrants payable to Medalist Capital Ltd.
*Finder's fee warrants are exercisable at $0.30 per share for three years.
**Finder's fee warrants are exercisable at $0.20 per share for two years.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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