Bonterra (BTR.v) runs a placement - Hallo friendsTODAY'S NEWS AND ACCREDITED, In the article you read this time with the title Bonterra (BTR.v) runs a placement, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article BANKING, Article CULTURE, Article ECONOMIC, Article HOTELS, Article POLITICAL, Article SOCIAL, Article SPORTS, Article TOURISTS, Article TRAVELING, We write this you can understand. Alright, good read.

Title : Bonterra (BTR.v) runs a placement
link : Bonterra (BTR.v) runs a placement

Bonterra (BTR.v) runs a placement

When writing up on the site visit to Bonterra (BTR.v) in IKN525 dated June 16th, part of the conclusion passage to the note went like this:

"Overall, even if I’m being too cautious with these numbers, I cannot see any way BTR with its background burn rate avoiding a low cash position soon, it will surely go back to market during the classic September/October financing window."

Which shows what happens when gold finally catches a bid. We didn't have to wait until the other side of Labor Day for the news out of BTR:

Vancouver, BC – July 26, 2019 – Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR2) (the “Company” or “Bonterra”) is pleased to announce that it has entered into an agreement with Sprott Capital Partners LP to act as lead agent (the “Lead Agent”), on its own behalf and, if applicable, on behalf of a syndicate of agents (collectively with the Lead Agent, the “Agents”), in connection with a “best efforts” private placement to raise gross proceeds of up to $27,001,400 (the “Offering”).

Most of it is priced at C$2.50, with some flow-through action at higher ticket prices. So anyway, my timing was wrong but at least I got the size right (IKN house guess was U$20m, so half a million USD out). But wouldn't it be a terrible thing to find out news of this placement led by Sprott Capital Paertners had leaked to the market early:

But that would never happen. Not in Canada. Oh no.

Thus Article Bonterra (BTR.v) runs a placement

That's an article Bonterra (BTR.v) runs a placement This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Bonterra (BTR.v) runs a placement with the link address https://todaysand.blogspot.com/2019/07/bonterra-btrv-runs-placement.html

Tweet

Subscribe to receive free email updates: