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Bonterra Resources makes major acquisition that will aid flagship Gladiator Project
Proactive Investors Stocktube
Uploaded on Sep 18, 2018
Bonterra Resources (CVE:BTR) CEO Nav Dhaliwal dropped by the Vancouver
Studios of Proactive Investors to share details about the companies multi
million dollar acquisition and some major news about new targets at their
Flagship project Gladiator.
New High-Grade Zone Located North of Gladiator near Surface with 27.4 g/t Au over 7.0 m
VANCOUVER, Sept. 19, 2018 /PRNewswire/ -
Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1) (the
"Company" or "Bonterra") is pleased to announce the discovery of a new
high grade gold zone near surface to the north of the Gladiator Gold
Deposit with an intersection of 27.4 g/t Au over 7.0 m.
This new high-grade mineralization is located
approximately 200 m north of the most northerly Gladiator zone (North
Zone) and was located by drill hole BA-18-60 above 100 m in depth.
The mineralization and characteristics of this zone are very similar to
the Gladiator Deposit and are similar to the Company's current geological
model.
The model consists of parallel veins or zones and is open
along strike and at depth.
The recently optioned "Duke" property boundary areas have allowed the
Company access for exploration into these areas of interest. This high-
grade intersection occurs on Bonterra's 100% owned Gladiator property.
Follow up drilling is underway in order to test down dip and strike
continuity.
https://web.tmxmoney.com/article.php?newsid=7465181623347583&qm_symbol=BTR
God Bless
Bonterra and Metanor both Receive Securityholder Approval of their Respective Plans of Arrangement
Bonterra and Metanor Provide Transaction Timing Update
VANCOUVER and VAL-D'OR, QC, Sept. 18, 2018 /PRNewswire/ -
BONTERRA RESOURCES INC. ("Bonterra") (TSX-V:BTR, US:BONXF, FSE:9BR1) and
METANOR RESOURCES INC. ("Metanor") (TSX-V:MTO) are pleased to announce
that each of their respective previously announced plans of arrangement
(respectively, the "Bonterra Arrangement" and the "Metanor
Arrangement"), have been approved by their respective securityholders
today.
https://web.tmxmoney.com/article.php?newsid=6707870136052888&qm_symbol=BTR
The Bonterra Arrangement, which involves spinning out of certain assets of Bonterra to Gatling Exploration Inc. ("Bonterra Spinco" or "Gatling"), was approved by shareholders and optionholders of Bonterra (together, the "Bonterra Securityholders") at a special meeting (the "Bonterra Meeting") of the Bonterra Securityholders held today. At the Bonterra Meeting, a special resolution approving the Bonterra Arrangement was approved by: (i) 97.58% of the votes cast by Bonterra shareholders; and (ii) 97.76% of the votes cast by Bonterra Securityholders, voting together as a single class. The Metanor Arrangement, which involves acquisition of all shares of Metanor by Bonterra was approved by shareholders and optionholders of Metanor (together, the "Metanor Securityholders") at a special meeting (the "Metanor Meeting") of the Metanor Securityholders held today. At the Metanor Meeting, a special resolution approving the Metanor Arrangement was approved by: (i) 87.44% of the votes cast by Metanor shareholders; and (ii) 87.96% of the votes cast Metanor Securityholders, voting together as a single class.
Bonterra Resources Inc. (CNW Group/Bonterra Resources Inc.)
Both arrangements are still subject to final approval by the TSX Venture Exchange ("TSX-V") and the Supreme Court of British Columbia (the "BC Court"), in the case of the Bonterra Arrangement, and the Superior Court of Quebec (the "Quebec Court"), in the case of the Metanor Arrangement. The BC Court hearing for obtaining a final order approving the Bonterra Arrangement is scheduled to take place on September 20, 2018. The Quebec Court hearing for obtaining a final order approving the Metanor Arrangement is scheduled to take place on September 21, 2018.
Completion of both arrangements is expected to occur on September 24, 2018. The Bonterra Arrangement will be completed first, followed immediately by the Metanor Arrangement. Under the Bonterra Arrangement, Bonterra shareholders of record at the close of business on Friday, September 21, 2018, will receive one common share of Gatling for every seven common shares of Bonterra held.
Upon completion of the Metanor Arrangement, all of shares of Metanor shall be owned by Bonterra. Holders of Metanor shares will not have any right to receive any Bonterra Spinco shares under the Bonterra Arrangement.
Under the Bonterra Arrangement, Gatling shall receive Bonterra's Larder Lake assets in Ontario and approximately $7,000,000 in cash. An application for listing of the Gatling shares on TSX-V has been filed, however listing is subject to final TSX-V acceptance.
Additional information regarding the terms of the Metanor Arrangement are set out in Metanor's management information circular dated August 15, 2018, which is available under Metanor's profile at www.sedar.com.
Additional information regarding the terms of the Bonterra Arrangement are set out in Bonterra's management information circular dated August 15, 2018, which is available under Bonterra's profile at www.sedar.com.
ON BEHALF OF THE RESPECTIVE BOARDS OF DIRECTORS,
Nav Dhaliwal, President & CEO
Bonterra Resources Inc.
Greg Gibson, Interim CEO
Metanor Resources Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement: Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation concerning the completion of the Bonterra Arrangement and the Metanor Arrangement. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this press release may include statements regarding Bonterra's and Metanor's ability to complete the Bonterra Arrangement and Metanor Arrangement, respectively, and the anticipated effective date of the Bonterra Arrangement and Metanor Arrangement, which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: uncertainties as to the timing of the Bonterra Arrangement and Metanor Agreement and satisfaction of the respective conditions thereto, market conditions and other risk factors listed from time to time in Bonterra's and Metanor's reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and both Bonterra and Metanor disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
Metanor (CNW Group/Bonterra Resources Inc.)
Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/bonterra-and-metanor-both-receive-securityholder-approval-of-their-respective-plans-of-arrangement-300715037.html
SOURCE Bonterra Resources Inc.
Bonterra to Acquire Metanor, Expanding Strategic Position in Urban Barry Camp and De-risking Potential Path to Production
VANCOUVER, June 18, 2018 /PRNewswire/ -
Bonterra Resources Inc. ("Bonterra" or the "Company") (TSX-V:BTR, US:BONXF, FSE:9BR1) and
Metanor Resources Inc. ("Metanor") (TSX-V:MTO)
are pleased to announce that they have entered into a binding letter of
intent dated June 17, 2018 (the "LOI") to combine Bonterra and Metanor
(the "Transaction") to create an exciting new advanced Canadian gold
exploration and development company focused on becoming the leader in
the building out and future mining development of the Urban Barry
Quebec Gold Camp.
The Transaction contemplates that Bonterra will acquire all of the
issued and outstanding common shares of Metanor for C$0.73 in equity
consideration, at an exchange ratio of 1.6039 Bonterra shares, for each
Metanor share. Immediately prior to the completion of the
Metanor acquisition,
Bonterra will spin out its Larder Lake assets in
Ontario, Canada, and a specified amount of cash (the "Spin-Out"), in
order to create a well-capitalized and exciting new exploration
opportunity for its shareholders.
Highlights of the Transaction:
https://web.tmxmoney.com/article.php?newsid=6003256138622922&qm_symbol=MTO
God Bless
Bonterra proposes merger with rival Canadian gold miner Metanor -
https://www.compelo.com/energy/news/bonterra-proposes-merger-with-rival-canadian-gold-miner-metanor/
Bonterra Resources has proposed to acquire rival Canadian gold exploration
and development firm Metanor Resources for C$78m ($58.93m) in an
all-stock deal to expand its position in the Urban Barry Camp in Quebec,
Canada.
The combined company of Bonterra and Metanor will gain control of three
advanced high grade gold deposits in the form of
Gladiator, Bachelor, Barry along with significant regional priority
targets with resource upside potential.
According to Bonterra, the enlarged firm will also get 100% control of
the only permitted gold mill in the Urban Barry Camp.
The gold mill comes with an expandable centralized production facility
and is surrounded by more than 15 known gold deposits located within a
radius of 100km.
Bonterra expects the merger to help in de-risking its Gladiator project.
The company said that Metanor’s mill infrastructure will give it the
scope to significantly cut down the capital requirements and compress
the timelines to push the Gladiator project towards potential
production.
Bonterra president and CEO Nav Dhaliwal said: “We believe we will be
able to develop a much larger and more significant resource profile
within the Urban Barry Camp. The availability and ownership of a
permitted and expandable processing facility certainly places Bonterra
in an excellent position to rapidly and cost effectively become a
significant Quebec based gold producer.”
As per the proposal, Bonterra will acquire all the shares of Metanor for
C$0.73 ($0.55) in equity consideration.
The exchange ratio of the deal will be 1.6039 Bonterra shares for each
Metanor share.
Following the merger, existing Bonterra and Metanor shareholders will
own about 58% and 42% stakes, respectively in the enlarged company.
Metanor chairman and interim CEO Greg Gibson said: “Putting together
two, arguably, undervalued companies like Metanor and Bonterra is
extremely beneficial and logical in a number of ways.
“Resource growth, exploration synergies and de-risking the path to
production are all considerations, as well as potential to access
different and larger markets and shareholders.”
Prior to the acquisition of Metanor, Bonterra plans to spin out its
Larder Lake assets in Ontario along with a specified amount of cash.
The company said that it is planning the move to create a well-
capitalized and new exploration opportunity for its shareholders.
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https://www.compelo.com/energy/news/bonterra-proposes-merger-with-rival-canadian-gold-miner-metanor/
http://www.stockhouse.com/companies/quote?symbol=v.btr
Eric Sprott Announces Support Agreement with Respect to Proposed Plan of Arrangement Between Metanor Resources Inc. and Bonterra Resources Inc.
V.BTR, V.MTO | 18 hours ago
Read more at
http://www.stockhouse.com/news/press-releases/2018/06/18/eric-sprott-announces-support-agreement-with-respect-to-proposed-plan-of#wb40vAfbqUYSG5om.99
http://www.stockhouse.com/companies/quote?symbol=v.mto
Bonterra to Acquire Metanor, Expanding Strategic Position in Urban Barry Camp and De-risking Potential Path to Production
V.BTR, V.MTO | 19 hours ago
Read more at
http://www.stockhouse.com/news/press-releases/2018/06/18/bonterra-to-acquire-metanor-expanding-strategic-position-in-urban-barry-camp#0uexhESQQIEYXerM.99
http://www.bonterraresources.com/
Metanor Res Inc. (MEAOF & MTO)
http://www.metanor.ca/en/press-releases/
http://www.metanor.ca/
God Bless America
Is anyone still here? I heard Jay Taylor's interview of the CEO today.
We purchased a few shares. There seems to be some very nice potential here?
Gold seems to have legs to go higher as the U.S. dollar continues it's slide after recently breaking support of a 3 yr triple bottom. Huge LT for jr miners.
Bonterra and Kerr Mines seem to be leaving the golden station and are climbing imho
KidBiscuit BTW...
Kid Biscuit FYI,
Agreed...! $$$ BTW this was just posted ....
http://kerrmines.com
http://www.bonterraresources.com/en/news-3/press-releases/278-bonterra-resources-acquires-larder-project-from-kerr-mines-consisting-of-two-gold-deposits-and-9-km-of-cadillac-larder-break
http://kerrmines.com/wp-content/uploads/Kerr-Mines-Fact-Sheet.pdf
http://www.marketwired.com/press-release/kerr-mines-announces-closing-of-sale-of-larder-project-to-bonterra-resources-tsx-ker-2122031.htm
Kid Biscuit, Kerr may pop in 2018 or 2019 ? Time will tell...
I found this by accident searching to find out how much the core holdings of JNUG were being naked shorted. Been holding JNUG and very disappointed as it has been heavily manipulated and in a 2. downtrend since the Mar-16th while gold went up another 30-40. The bear counterpart went on an uptrend aprox 2. during the same time. Hedge funds flipped at least 70 mill shares from long to short late Jan, then the trade went against them down to their buy in at 13. I got in at 1200 and made almost nothing. The top 3 holdings in JNUG: IAG, AGI & PVG look like they have sat on since the 16th. So I'm shopping for better results. This seems like there is a lot of positive energy wanting things to get accomplished here, and people aren't sitting around doing nothing. Nice
Agree, that should work.
I bought some through the Ameritrade. Just put a limit order in around the last trade and it should show you a truer bid/ask to review.
It appears to be trading, but TD A is not offering any bid or ask. Was looking to pick up a few. Oh well. Canada is trading at .39x.40
Well I personally thought some of those surface cores samples had grams off the charts, and it's not rocket science for KGC to want to have a future resource in their back pocket, if not buy it out completely.
Do any of you know Todd at BONXF ? Seems like a pretty decent guy. He's pretty excited about where he thinks things are going.
Is it trading now?
Kinross obviously thinks so...
obviously no mineral investors on this message board, amazing future if you just look.
latest financing $5mil. completed,,,link below
http://www.bonterraresources.com/en/news-3/press-releases/293-bonterra-resources-closes-over-subscribed-financing-at-over-5-million-dollars
latest financing $5mil. completed,,,link below
http://www.bonterraresources.com/en/news-3/press-releases/293-bonterra-resources-closes-over-subscribed-financing-at-over-5-million-dollars
BonTerra Drills 3.3 m of 29.0 g/t Au and 5.7 m of 24.3 g/t Au in Main Zone and in New Mineralized Zones to the West of its Gladiator Gold Project
link
Kaufen, bis der Arzt kommt....
Buy, until the Doctor comes....
Nw12
BonTerra Resources Acquires Larder Project from Kerr Mines Consisting of Two Gold Deposits and 9 km of Cadillac-Larder Break
O.k. that was the reason.
Can´t link it right now, please visit their website
www.bonterraresources.com
Wow, trading has been halted in CAN.
"Bonterra Resources Inc. has been halted at 12:11 p.m. PT on March 16, 2016, at the request of the company, pending news.
Read more at www.stockhouse.com/companies/bullboard/bullboard/v.btr/bonterra-resources-inc#FFt3H8f46fssbM5e.99"
Glad I´m in this puppy.
This doesn´t sound bad.....
Nw12