Bonterra Energy Corp. Announces $38.4 Million Private Placement to Existing Shareholders

CALGARY, ALBERTA–(Marketwired – June 8, 2015) – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) (the “Corporation” or “Bonterra“) is pleased to announce that it intends to complete a non-brokered private placement of up to 1,200,000 common shares of the Corporation (“Common Shares“) at a price of $32.00 per Common Share for aggregate gross proceeds of up to $38.4 million (the “Offering“). The Offering price of $32.00 represents approximately a 2.7% ($0.90) discount from the closing price of the Common Shares on June 5, 2015. Subject to certain limitations described below, the Offering is open to all existing holders of Common Shares resident in Canada (“Existing Shareholders“).
Source: Financings