Canadian Mining Journal

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GOLD: Kinross takes 9.5% of BonTerra


VANCOUVER – No sooner did BonTerra Resources announce that it had cut more near surface, high grade gold values (see CMJ Headline News for March 22, 2017) at its Gladiator deposit 170 km northeast of Val d’Or, than Kinross Gold of Toronto make a strategic investment worth $5.2 million, a 9.5% stake in the smaller company.

Kinross has agreed to purchase almost 14.9 million shares of BonTerra at a price of $0.35 each. The transaction is expected to close on or about March 24. The securities issued will be subject to a hold period of four months and a day from the closing date.

Please visit www.BonTerraResources.com.