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BRIEF-BONTERRA ANNOUNCES STRATEGIC INVESTMENT BY KINROSS GOLD
March 22, 2017 / 5:03 PM / 9 months ago

BRIEF-BONTERRA ANNOUNCES STRATEGIC INVESTMENT BY KINROSS GOLD

March 22 (Reuters) - Bonterra Resources Inc

* BONTERRA ANNOUNCES STRATEGIC INVESTMENT BY KINROSS GOLD

* ON CLOSING OF TRANSACTION, KINROSS WILL HOLD ABOUT 9.5% OF CO‘S ISSUED, OUTSTANDING COMMON SHARES ON AN UNDILUTED BASIS

* GROSS PROCEEDS FROM SALE OF COMMON SHARES WILL BE USED FOR EXPLORATION ON CO‘S PROPERTIES, FOR GENERAL WORKING CAPITAL PURPOSES

* KINROSS GOLD CORP AGREED TO ACQUIRE, BY WAY OF PRIVATE PLACEMENT, 14.86 MILLION COMMON SHARES AT PRICE OF $0.35 PER COMMON SHARE Source text for Eikon: Further company coverage:

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