BONTERRA RESOURCES INC. ("BTR")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: March 7, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced February 15 and February 26, 2018:
Number of Shares: 13,300,000 super flow-through shares
19,200,000 national flow-through shares
Purchase Price: $0.75 per super flow-through share
$0.60 per national flow-through share
Number of Placees: 100 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 250,000
[2 Placees]
Agent's Fee: $838,305 cash and 845,000 warrants payable to Sprott Private Wealth LP
$193,455 cash and 195,000 warrants payable to INFOR Financial Inc.
$128,970 cash and 130,000 warrants payable to Red Cloud Klondike Strike Inc.
$64,485 cash and 65,000 warrants payable to Laurentian Bank Securities Inc.
$64,485 cash and 65,000 warrants payable to PI Financial Corp.
Agent's fee warrants are exercisable at $0.60 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.
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