Val-d'Or, Quebec--(Newsfile Corp. - August 12, 2024) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ('Bonterra' or the 'Company') congratulates Osisko Mining Inc. ('Osisko Mining') on
Val-d'Or, Quebec-- - Bonterra Resources Inc. congratulates Osisko Mining Inc. on their recent announcement that it has entered into a definitive arrangement agreement dated August 12, 2024 pursuant to which Gold Fields Limited, through a 100% owned Canadian subsidiary , has agreed to acquire all of the issued and outstanding common shares of Osisko at a price of C$4.90 per Share , in an all-cash transaction valued at approximately C$2.16 billion on a fully diluted basis .
The Consideration represents an approximate 55% premium to the 20-day volume weighted average trading price per Share on the Toronto Stock Exchange for the period ending August 9, 2024, being the last trading day prior to the announcement of the Transaction. Marc André Pelletier, President and CEO commented:"We extend a well-deserved congratulations to our neighbors and joint venture partners, Osisko Mining, on this important milestone. The significant premium paid by Gold Fields underscores the value of the Windfall gold project and its highly prospective exploration camp. We are confident that this transaction will further drive growth and development in the region.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219650
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