Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

KERR MINES ANNOUNCES SALE OF BONTERRA SHARES FOR $2MILLION
- Proceeds to be used for dewatering of Copperstone Mine -
TORONTO, Dec. 13, 2016 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX:KER) is pleased to announce that it has agreed to sell 8,000,000 common shares (the "Bonterra Shares") in the capital of Bonterra Resources Inc. ("Bonterra") (TSX-V: BTR) at a price of $0.25 per Bonterra Share for gross proceeds to the Company of CDN $2,000,000. Kerr agreed to sell 4,000,000 Bonterra Shares to each of Braydon Capital Corporation, a company controlled and owned by Claudio Ciavarella who is a director of the Company ("Braydon") and Trans Oceanic Minerals Company Ltd., a company controlled by Fahad Al Tamimi, the Company's Chairman of the board of directors ("TOMCL"). Completion of the transaction remains subject to final acceptance by the TSX.

http://kerrmines.com/investors/news/