BONTERRA RESOURCES INC. ("BTR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 13, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Option Agreement dated March 29, 2017 between the Company and Durango Resources Inc. whereby the Company has been granted an option to acquire the Trove Claims located in the Urban-Barry gold camp district, Quebec. Consideration is $500,000 payable over a 2 year period, 3,000,000 common shares within the first year and $1,000,000 in exploration expenditures within a 2 year period. The Optionor will hold a 2% net smelter returns royalty of which one-half can be purchased by the Company for $1,000,000 subject to further Exchange review and acceptance.
CJC Technology Inc. (Carlos Cervantes) will receive a finder's fee of 267,284 common shares.
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