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BRIEF-Bonterra announces increase in bought deal financing with Sprott Capital Partners
February 13, 2017 / 1:50 PM / 5 months ago

BRIEF-Bonterra announces increase in bought deal financing with Sprott Capital Partners

1 Min Read

Feb 13 (Reuters) - Bonterra Resources Inc -

* Bonterra announces increase in bought deal financing with Sprott Capital Partners and concurrent non-brokered private placement

* As agreed to increase offering size of purchased securities from $9.4 million to $12.9 million in gross proceeds

* Offering to consist of 11 million flow-through common shares of company at a price of $0.35 per flow-through share

* Offering to also consist of 32.3 million common shares of company at a price of $0.28 per common share

* In addition, co will complete a non-brokered private placement of 3.7 million common shares at a price of $0.28 per common share

* Proceeds received by company from sale of flow-through shares will be used to incur canadian exploration expenses Source text for Eikon: Further company coverage:

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