VANCOUVER,
Oct. 4, 2018 /CNW/ - GATLING
EXPLORATION INC. ("Gatling") is pleased to report that
it is has received conditional approval of the listing of its
common shares on the TSX Venture Exchange (the "TSX-V"). In
connection the listing, Gatling has filed on www.sedar.com its
TSX-V listing application and a technical report regarding the
Larder Lake Property. Gatling expects to commence trading on
the TSX-V under the symbol 'GTR' next week. Gatling will provide an
update once the listing date has been confirmed by the TSX-V.
![Bonterra Resources Inc. (CNW Group/Bonterra Resources Inc.) Bonterra Resources Inc. (CNW Group/Bonterra Resources Inc.)](https://mma.prnewswire.com/media/754408/Bonterra_Resources_Inc__Gatling_Exploration_Inc__receives_condit.jpg)
The listing of Gatling follows the closing on September 24, 2018, of a plan of arrangement (the
"Arrangement") between Bonterra Minerals Inc. (TSX-V: BTR)
("Bonterra") and Metanor Resources Inc. Immediately
prior to completion of the Arrangement, all Bonterra shareholders
of record on September 21, 2018,
received, for each Bonterra share held as of the record date,
one-seventh of one common share of Gatling (an "Gatling
Share") resulting in a total of 33,426,512 Gatling Shares being
issued. Gatling has received the transfer of certain
Bonterra's assets, including the Larder Lake Property and
approximately $7,000,000 in cash.
Bonterra's obligations related to the Larder Lake Property have now
been assigned to and assumed by Gatling.
The directors and officers of Gatling are: R. Dale Ginn, director, President and CEO;
Navjit Dhaliwal, director and
Executive Chairman; Richard Boulay,
director; Leigh Hughes, director;
Carrie Cesarone, director; P.
Joseph Meagher, CFO and Corporate
Secretary. The Gatling management team will use its broad base of
exploration experience to focus exploration efforts on the Larder
Lake Property.
The Larder Lake Property comprises of patented and unpatented
claims, leases and mining licenses of occupation within the
McVittie and McGarry Townships area in northern Ontario, with a total area of 2,095.56 ha. All
claims are now beneficially owned 100% by Gatling. The Larder Lake
Property hosts the Bear Lake,
Cheminis, Fernland and Swansea gold deposits that extend along 10
km of the Cadillac-Larder break between Kirkland Lake and Virginiatown. The land package sits along the
prolific Cadillac/Larder Break, located 7 km west of the Kerr
Addison Mine, which produced 11 million ounces of gold.
ON BEHALF OF THE BOARD OF DIRECTORS OF GATLING EXPLORATION
INC.
Dale Ginn, President and CEO
Gatling Exploration Inc.
ON BEHALF OF THE BOARD OF DIRECTORS of BONTERRA RESOURCES
INC.
Nav Dhaliwal, President and 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.
Forward Looking Statements: Statements contained in this news
release that are not historical facts are forward-looking
statements, which are subject to a number of known and unknown
risks, uncertainness and other factors that may cause the actual
results to differ materially from those anticipated in our
forward-looking statements. Although we believe that the
expectations in our forward-looking statements are reasonable,
actual results may vary, and we cannot guarantee future results,
levels of activity, performance or achievements.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/gatling-exploration-inc-receives-conditional-listing-approval-from-tsx-venture-exchange-300724336.html
SOURCE Bonterra Resources Inc.