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BRIEF-Bonterra announces strategic investment by Kinross Gold

Published 2017-03-22, 01:02 p/m
© Reuters.  BRIEF-Bonterra announces strategic investment by Kinross Gold
BTR
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March 22 (Reuters) - Bonterra Resources Inc BTR.V :

* 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: ID:nPnHFYdwa Further company coverage: BTR.V

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