It also holds over 6.1 million share purchase warrants, exercisable to acquire a further 9.8 million shares
Bonterra Resources Inc () revealed that Kirkland Gold Ltd (TSE:KL) now holds a total of around 37.5mln shares in the firm following the major transaction of Inc.
It also holds over 6.1 million share purchase warrants, exercisable to acquire a further 9.8 million Bonterra shares. That represents a 9.44% interest in Bonterra on an undiluted basis and an 11.63% interest on a partially diluted basis, assuming the exercise of the warrants.
Earlier this week, Bonterra told investors it had completed the spin-out of Gatling Exploration and the major transaction of Inc.
Bonterra Resources are unchanged at C$0.36 on Friday.
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