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Bonterra launching digital marketing campaign and grants stock options

Mar 20, 2024

Bonterra Resources Inc. has retained Machai Capital Inc. to provide digital marketing services in accordance with the applicable TSX Venture Exchange policies. The engagement has an initial term of three months, pursuant to which Machai will receive 120,000 in common shares of the company, plus applicable taxes. Machai is an arm's length to Bonterra and has no other relationship with the company except under this engagement. 

The company also wishes to announce the grant of incentive stock options to acquire a total of 1,970,000 common shares of the company to various employees, officers, and directors of the company pursuant to the company's stock option plan and subject to any regulatory approval. Each stock option vests immediately and is exercisable at a price of $0.24 per share for a period of five years from the date of the grant.

About Bonterra Resources Inc. 

Bonterra is a Canadian gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company's assets include the Gladiator, Barry, Moroy, and Bachelor gold deposits, which collectively hold 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category. 

In November 2023, the Company entered into an earn-in and joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties, which include the Gladiator and Barry deposits. Over the next three years, Osisko can earn a 70% interest by incurring $30 million in work expenditures. This strategic transaction highlights Bonterra's dedication to advancing its exploration assets, marking a significant step towards development. 


Tags: Quebec / Press Releases / Gold / All Articles