BonTerra Resources Inc. (BTR.V) intends to complete a private placement consisting of 20,000,000 flow-through units at $0.05 per FT Unit for total gross proceeds of up to $1,000,000 and up to 3,000,000 non flow-through units at $0.05 per NFT Unit for total proceeds of $150,000.
The proceeds from the flow-through portion of the Private Placement ($1 million) will be used to conduct the exploration program on the Company's properties located in Quebec and the proceeds from the non flow-through portion of the Private Placement ($150,000) will be used to seek out potential property ventures and for general working capital purposes.
Shares are up half a cent (20%) to 3 cents late morning.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
