09:11:27 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Bonterra Resources Inc (3)
Symbol BTR
Shares Issued 126,195,500
Close 2022-10-03 C$ 0.50
Market Cap C$ 63,097,750
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Bonterra Resources appoints Hebert-Tremblay as CFO

2022-10-03 12:29 ET - News Release

Mr. Marc-Andre Pelletier reports

BONTERRA ANNOUNCES APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER

Bonterra Resources Inc. has appointed Pier-Elise Hebert-Tremblay as chief financial officer of the company, effective immediately. Ms. Hebert-Tremblay succeeds Johnny Oliveira, who has retired as chief financial officer, effective immediately, but will remain with Bonterra as a consultant throughout the transition period.

Ms. Hebert-Tremblay is a member of the Certified Professional Accountants of Quebec since August, 2011, and holds a bachelor in accounting and a master in business administration from the University of Quebec at Chicoutimi. Ms. Hebert-Tremblay has served as chief financial officer of Arianne Phosphate Inc. since 2021 and had previously been its financial controller since 2010. Ms. Hebert-Tremblay specializes in financial reporting and tax compliance for junior listed resource companies, forecast development and financial modelling.

Marc-Andre Pelletier, president, chief executive officer and director of Bonterra, commented: "On behalf of myself and the board, I am very pleased to welcome Ms. Hebert-Tremblay as the new CFO of Bonterra. With the addition of Ms. Hebert-Tremblay, another piece is in place towards advancing the company to production, starting with the Barry open pit. In addition, I would like to thank Mr. Oliveira for his many contributions to Bonterra during his tenure and wish him tremendous success on his retirement and future endeavours."

As part of Ms. Hebert-Tremblay's appointment, the company has granted her 500,000 incentive stock options. The options were granted pursuant to the company's stock option plan, and each option entitles the holder to acquire one common share of the company at an exercise price of 50 cents until Oct. 3, 2027. These options vest as follows: (a) one-quarter of the options granted immediately; (b) one-quarter of the options granted on the first anniversary; (c) one-quarter of the options granted on the second anniversary; and (d) one-quarter of the options granted, being the remaining amount, on the third anniversary, subject to a vesting acceleration clause under certain events.

About Bonterra Resources Inc.

Bonterra is a Canadian gold exploration company with a large portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The company has four main assets -- Gladiator, Barry, Moroy and Bachelor -- that collectively have a total of 1.24 million ounces in the measured and indicated categories and 1.78 million ounces in the inferred category. Importantly, the company owns the only permitted and operational gold mill in the region. Bonterra is focused on graduating from advanced exploration to a development company to deliver shareholder value.

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