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Bonterra Resources Inc. amends its agreement with Machai Capital Inc. to pay a cash fee for digital marketing services instead of common shares, following TSX Venture Exchange policies. The three-month engagement, starting on March 15, 2024, will see Machai receive $33,000 plus taxes by May 8, 2024. Machai specializes in marketing and public awareness in various sectors and is unrelated to Bonterra aside from this agreement.
Bonterra Resources Inc. has successfully closed its 'best efforts' private placement, raising gross proceeds of $8.5 million. The Offering included the sale of 5,250,000 flow-through units and 24,820,000 units at specific prices. Eight Capital acted as lead agent in the transaction. The Company plans to utilize the net proceeds for working capital and general corporate purposes. Additionally, Bonterra settled $1.5 million in outstanding debt through the issuance of common shares.
