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.
Cassels acted for the agents.