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Bonterra Resources

Bonterra Resources updates on Kirkland Lake Gold's share interest

It also holds over 6.1 million share purchase warrants, exercisable to acquire a further 9.8 million shares

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Bonterra Resources updated on the Kirkland interest

Bonterra Resources Inc (CVE:BTR) revealed that Kirkland Gold Ltd (TSE:KL) now holds a total of around 37.5mln shares in the firm following the major transaction of Metanor Resources 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 Metanor Resources Inc.

Bonterra Resources are unchanged at C$0.36 on Friday.

Quick facts: Bonterra Resources

Price: $2.63

Market: TSX-V
Market Cap: $196.79 m
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