Bonterra Resources Inc.’s $17.5 Million Private Placement

Cassels acted for the agents in connection with the offering.

On April 7, 2021, Bonterra Resources Inc. completed a brokered private placement of 2,350,000 common shares at a price of $1.05 per common share and 10,420,000 flow-through shares at a price of $1.44 per flow-through share for gross proceeds of approximately $17.5 million.

The financing was conducted through a syndicate of agents led by Cormark Securities Inc. and including INFOR Financial Inc.

The Cassels team included Chad Accursi (Picture), Randall Blom and Reza Sarsangi (Securities and Mining) and Chris Norton (Tax).

Involved fees earner: Chad Accursi – Cassels Brock & Blackwell LLP; Randall Blom – Cassels Brock & Blackwell LLP; Christopher Norton – Cassels Brock & Blackwell LLP; Reza Sarsangi – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Cormark Securities Inc.; INFOR Financial Inc.;

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Martina Bellini

Author: Martina Bellini