NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES VAL-D'OR, Quebec, April 18, 2024 (GLOBE NEWSWIRE) -- Bonterra Resources Inc. (TSXV:BTR, OTCQX:BONXF, FSE: 9BR2)) ("Bonterra" or the "Company") is pleased to announce that it has entered into an agreement with Eight Capital as lead agent (the "Agent") in connection with a "best efforts" private placement of up to 16,000,000 units of the Company (the "Units") at a price of $0.25 per Unit (the "Issue Price") for aggregate gross proceeds of up to $4,000,000, pursuant to the listed issuer financing exemption available under National Instrument 45-106 – Prospectus Exemptions (the "LIFE Offering") or the "accredited investor" exemption under National Instrument 45-106 – Prospectus Exemptions (the "Private Placement Offering" and together with the LIFE Offering, the "Offering"), in each of the Provinces of Canada other than Quebec. Each Unit will consist of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Share at an exercise price of $0.31 for a period of four years from the date of issuance. The Company will make available an offering document relating to the LIFE Offering (the "Offering Document") which will be accessible under the Company's profile at www.sedarplus.ca and at www.btrgold.com. Prospective investors in the LIFE Offering should read the Offering Document before making an investment decision. The Offering is expected to close on or around May 2, 2024 (the "Closing Date"). Closing of the Offering is subject to certain customary conditions including receipt of all necessary ...