Vancouver, BC / April 3, 2017 – Bonterra Resources Inc. (TSX.V-BTR, US: BONXF, FSE: 9BR1) (“Bonterra” or the “Company”) is pleased to announce the appointment of Mr. Allan J. Folk as director of Bonterra.
Nav Dhaliwal, President and Chief Executive Officer of Bonterra, stated, “I am pleased to welcome Allan to the Board of Directors during this key period of Bonterra’s corporate growth. Allan brings critical and valuable leadership to our team, especially in the areas of finance, compliance and maturity in the marketplace.”
Mr. Folk brings over 35 years of extensive leadership experience in the Canadian mining finance industry. During his career, he has financed and advised both junior and advanced Canadian companies at the senior board or executive level. Mr. Folk is a graduate of the University of Wisconsin, and currently is Vice President of Brant Securities Ltd. He is also a director of Barkerville Gold Mines Ltd., Interim CEO of Monarca Minerals Inc. and is the Chairman of Atlanta Gold Inc.
“It is extremely exciting to join the Bonterra team at this key inflection period of growth. The Gladiator Deposit is developing rapidly as a rare and valuable new high grade gold deposit in the sought after Urban-Barry Gold Camp and district. I look forward to contributing to the Company’s continued success,” added Mr. Folk.
The Company also announces that it has issued an aggregate of 6,300,000 incentive stock options (the “Options”) to officers, directors and consultants of the Company. The Options are exercisable at $0.40 per share for a period of three years from the date of grant. The Options have been granted under and are governed by the terms of the Company´s incentive stock option plan and are subject to TSX Venture Exchange acceptance.
ON BEHALF OF THE BOARD OF DIRECTORS,
Nav Dhaliwal, President & CEO
Bonterra Resources Inc.
For further information on Bonterra, contact Investor Relations
Telephone: 1 844 233 2034
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.