VANCOUVER, March 16, 2018 /CNW/ - Bonterra Resources
Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1) (the
"Company" or "Bonterra") is pleased to announce that
on March 16th its common shares will
be trading in the United States on
the OTCQX International, the highest tier of the OTC market, under
the symbol BONXF. Bonterra's common shares continue to trade on the
TSX Venture Exchange under the symbol BTR.
"Bonterra's expansion into the US securities markets will
bring the Company substantially added access to investors. We are
confident that trading on the OTCQX will add to our liquidity and
continue to build a stronger US investor awareness base.
Furthermore, we are currently advancing a minimum 70,000 metre
drill program on our Gladiator Gold Deposit for 2018 and look
forward to a busy year ahead with our upcoming mineral resource
update." commented Nav
Dhaliwal, President and CEO of Bonterra Resources.
Bonterra was sponsored for OTCQX by Burns, Figa & Will,
P.C., a qualified third-party firm responsible for providing
guidance on OTCQX requirements and recommending membership.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best
Market, the OTCQB® Venture Market and the Pink® Open Market for
10,000 U.S. and global securities. Through OTC Link® ATS and
OTC Link ECN, we connect a diverse network of broker-dealers that
provide liquidity and execution services. We enable investors to
easily trade through the broker of their choice and empower
companies to improve the quality of information available for
investors.
Bonterra Resources Quick Facts:
- Well financed with approximately $60
million raised in the past 12 months.
- Strong Shareholder Base: Eric
Sprott (10%), Van Eck Gold Fund (12%), Kirkland Lake Gold (9.5%).
- Gladiator Gold Deposit:
-
- Deposit extension and resource expansion underway with
60,000 m completed in 2017 and
70,000 m planned for 2018.
- Advancing to the completion of an updated NI 43-101 Mineral
Resource Estimate in second half of 2018, which is anticipated to
include up to an additional 100,000 m
of drilling from 2012 through 2018.
- Drilled dimensions of the Gladiator Deposit are currently
outlined to a depth of 1,200 m below
surface and a strike length of 1,200
m.
- Gladiator remains open in all directions, where at least five
distinct subparallel zones or mineralized horizons have been
identified.
- Drilling currently focused the extension and definition of the
Gladiator Gold Deposit and exploration targets within the
10,541hectare Urban-Barry property.
- Larder Lake Gold Property:
-
- 100% controlled 2,221hectare in the Cadillac-Larder Break camp
in Ontario (refer to March 17, 2016 news release highlighting
historical gold resource).
- Excellent access to three high grade gold deposits between
Kirkland Lake and Virginiatown.
ON BEHALF OF THE BOARD OF DIRECTORS,
Nav Dhaliwal, President &
CEO
Bonterra Resources
Inc.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This press release contains "forward-looking information"
that is based on Bonterra's current expectations, estimates,
forecasts and projections. This forward-looking information
includes, among other things, statements with respect to Bonterra's
exploration and development plans. The words "will", "anticipated",
"plans" or other similar words and phrases are intended to identify
forward-looking information. Forward-looking information is
subject to known and unknown risks, uncertainties and other factors
that may cause Bonterra's actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking information. Such
factors include, but are not limited to: uncertainties related
exploration and development; the ability to raise sufficient
capital to fund exploration and development; changes in economic
conditions or financial markets; increases in input costs;
litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; technological
or operational difficulties or inability to obtain permits
encountered in connection with exploration activities; and labour
relations matters. This list is not exhaustive of the factors that
may affect our forward-looking information. These and other factors
should be considered carefully and readers should not place undue
reliance on such forward-looking information. Bonterra disclaims
any intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events
or otherwise.
SOURCE Bonterra Resources Inc.