Brief: Bonterra announces strategic investment by Kinross Gold
22/03/2017 16:38
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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