Brief: Bonterra To Acquire Metanor

BonTerra Resources

18/06/2018 22:16

June 18 (Reuters) - BonTerra Resources Inc  BTR.V :
    * BONTERRA TO ACQUIRE METANOR, EXPANDING STRATEGIC POSITION
IN
URBAN BARRY CAMP AND DE-RISKING POTENTIAL PATH TO PRODUCTION
    * BONTERRA RESOURCES - BONTERRA WILL ACQUIRE ALL OF ISSUED &
OUTSTANDING SHARES OF METANOR FOR C$0.73 IN EQUITY CONSIDERATION
PER SHARE
    * BONTERRA RESOURCES INC - DEAL FOR AGGREGATE TRANSACTION
VALUE OF
C$78 MILLION ON A FULLY DILUTED IN--MONEY BASIS
    * BONTERRA RESOURCES -  IMMEDIATELY PRIOR TO COMPLETION OF
METANOR
DEAL, WILL SPIN OUT LARDER LAKE ASSETS IN ONTARIO, AND A
SPECIFIED AMOUNT OF CASH
    * BONTERRA RESOURCES INC - UPON DEAL COMPLETION , EXISTING
BONTERRA & METANOR SHAREHOLDERS WILL OWN ABOUT 58% AND 42% OF
PRO FORMA CO, RESPECTIVELY

Source text for Eikon:  ID:nCNWXf8Tsa 
Further company coverage:  BTR.V 

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