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12:02 PM EDT, 04/28/2016 (MT Newswires) -- BonTerra Resources Inc. (BTR.V) has received approval on its acquisition agreement for 100% interest in the Larder Lake Property rom Kerr Mines Inc.
As consideration for the Property, BonTerra will: pay $200,000 and issue 10 million common shares to the vendors upon Exchange approval; pay $300,000 to the vendors on the eight-month anniversary of Exchange approval; pay $350,000 to the vendors on the one-year anniversary of exchange approval, pay $300,000 to the vendors on the 18-month anniversary of Exchange approval (in the event that BonTerra completes an equity financing for gross proceeds of not less than $4-million this payment is accelerated and must be made on the one-year anniversary of Exchange approval).
BonTerra's shares were last even at $0.350 apiece.
Price: 0.350, Change: -, Percent Change: 0
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