Welcome to our dedicated page for Bonterra Res news (Ticker: BONXF), a resource for investors and traders seeking the latest updates and insights on Bonterra Res stock.
Bonterra Resources Inc. (BONXF) is a Canadian gold exploration company focused on advanced projects in Quebec's prolific mining regions. This page serves as the definitive source for verified corporate news and operational updates, providing stakeholders with timely insights into the company's activities.
Investors and industry observers will find comprehensive coverage of drilling results, joint venture developments, and technical reports. Our curated news collection includes updates on key assets like the Gladiator and Barry deposits, partnership announcements with industry leaders, and progress reports from ongoing exploration programs.
All content undergoes rigorous verification to ensure compliance with NI 43-101 standards and financial reporting regulations. The news archive features critical updates including resource estimates, geophysical survey findings, and corporate strategy announcements that impact the company's exploration trajectory.
Bookmark this page for direct access to Bonterra's official communications, including permit approvals, assay results from drilling campaigns, and updates on the Phoenix JV project. Stay informed about Quebec mining developments through our maintained collection of press releases and regulatory filings.
Bonterra Resources announced a non-exclusive marketing agreement with Westlake Capital to enhance investor relations and market presence. Westlake will receive GBP 5,850 monthly for services including connecting with investors, organizing meetings, and aiding marketing efforts. The six-month term, costing up to CAN$65,000, is extendable with mutual consent. Westlake is an independent Zurich-based firm with no prior ties to Bonterra and holds no Bonterra securities.
Bonterra Resources announced an update on its Desmaraisville project, having completed a 15,000-meter drill program and two geophysical surveys in late 2023. The company identified promising targets for field work, aiming to prioritize drill targets for a 9,000-meter drill program later this year. Bonterra also engaged Dr. Michel Jébrak for technical support. The field work will focus on gold showings, outcropping areas, Bouguer anomalies, and IP conductors. Concurrently, exploration at the Phoenix JV with Osisko Mining is progressing with 35,000 meters drilled so far. Additionally, Bonterra closed a private placement, raising $8.54 million and issuing compensation options and warrants to agents.
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.
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