BonTerra Resources raises additional $1M

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By CPE News

Vancouver (pcJ News Briefs) – BonTerra Resources Inc. (TSX-V: BTR, OTCPK: BONXF, FSE: 9BR1) has closed its previously announced non-brokered private placement of 3,660,000 common shares at $0.28 per share for gross proceeds of $1,024,800.

Together with previously completed bought deal, BonTerra Resources has raised $14,999,600 in aggregate gross proceeds.

BonTerra Resources intends to use net proceeds for general corporate and working capital purposes.

BonTerra Resources is a Canadian gold exploration company based in Vancouver, BC focused on continuing to expand its NI 43-101 compliant gold resource on its West Arena Property, part of the world famous Abitibi Greenstone Belt in mining-friendly Quebec.