Bonterra Announces Upsize of Brokered Private Placement to $10.5 million

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VAL-D’OR, Quebec, June 13, 2025 (GLOBE NEWSWIRE) -- Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce that due to strong market demand, it has agreed with its agents Canaccord Genuity Corp. (lead agent and sole-bookrunner) (“Canaccord Genuity”), Cormark Securities Inc. and SCP Resource Finance LP (together with Canaccord Genuity, the “Agents”), to increase the size of its previously announced brokered “best efforts” private placement. As a result of this amendment, the offering will now consist of of (i) up to 22,727,272 “hard-dollar” units of the Company (“HD Units”) at a price of $0.22 per HD Unit (the “HD Issue Price”); (ii) up to 14,583,333 “flow-through” units of the Company (“FT Units”) at a price of C$0.24 per FT Unit; and (iii) up to 6,557,377 “flow-through” units of the Company (“Premium FT Units” and, together with the HD Units and the FT Units, the “Offered Securities”) at a price of C$0.305 per Premium FT Unit, for aggregate for gross proceeds of up to approximately $10,500,000 pursuant to the listed issuer financing exemption available under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”).

The Agents will no longer have the previously disclosed “Agents’ Option” to increase the size of the Offering prior to the Closing Date.

Each HD Unit will consist of one common share of the Company (a “Share”) and one half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Share at an exercise price of $0.30 for a period of three years from the date of issuance. Each FT Unit and Premium FT Unit will consist of one Share and one half Warrant, each of which will qualify as a “flow-through share” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)). For certainty, the proceeds from the exercise of the Warrants will not be flow-through eligible. There is an amended and restated offering document, dated June 13, 2025, relating to the Offering (the “Offering Document”) that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.btrgold.com. Prospective investors in the Offering should read the Offering Document before making an investment decision.