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Pursuant to the Metanor Arrangement, Bonterra acquired all of the outstanding common shares of Metanor (the "Metanor Shares"). Each Metanor Share was exchanged for 1.6039 common shares of Bonterra. Each outstanding option to acquire Metanor Shares was exchanged for an option to acquire 1.6039 common shares of Bonterra. Bonterra is pleased to have appointed Mr. Greg Gibson and Ms. Christina Ouellette, both directors of Metanor, to the Bonterra board upon completion of the Metanor Arrangement.
VANCOUVER and VAL-D'OR, QC , Sept. 18, 2018 /CNW/ - BONTERRA RESOURCES INC. ("Bonterra") (TSX-V:BTR, US:BONXF, FSE:9BR1) and METANOR RESOURCES INC. ("Metanor") (MTO.V) are pleased to announce that each of their respective previously announced plans of arrangement (respectively, the "Bonterra Arrangement" and the "Metanor Arrangement"), have been approved by their respective securityholders today. The Bonterra Arrangement, which involves spinning out of certain assets of Bonterra to Gatling Exploration Inc. ("Bonterra Spinco" or "Gatling"), was approved by shareholders and optionholders of Bonterra (together, the "Bonterra Securityholders") at a special meeting (the "Bonterra Meeting") of the Bonterra Securityholders held today.
VANCOUVER, July 23, 2018 /PRNewswire/ - Bonterra Resources Inc. ("Bonterra" or the "Company") (BTR.V) (BONXF) (9BR1.F) and Metanor Resources Inc. ("Metanor") (MTO.V) are pleased to announce that, further to their news release dated June 18, 2018, they have entered into a definitive arrangement agreement dated July 20, 2018 (the "Arrangement Agreement") to combine Bonterra and Metanor (the "Transaction") to create an exciting new advanced Canadian gold exploration and development company focused on becoming the leader in the building out and future mining development of the Urban Barry Quebec Gold Camp. The Transaction contemplates that Bonterra will acquire all of the issued and outstanding common shares of Metanor for C$0.73 in equity consideration, at an exchange ratio of 1.6039 Bonterra shares (the "Purchase Price") for each Metanor share by way of plan of arrangement under the Canada Business Corporations Act (the "CBCA").