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Kinross takes BonTerra stake

Canadian gold producer Kinross Gold Corporation has paid C$5.2 million for a 9.5% stake in Abitibi gold belt explorer BonTerra Resources (TSX-V: BTR), taking 14.85 million shares in a private placement at 35c. Trading at that level, BonTerra had a market capitalisation of about $32.4 million this week.

Kinross takes BonTerra stake Kinross takes BonTerra stake Kinross takes BonTerra stake Kinross takes BonTerra stake Kinross takes BonTerra stake

Big and small of it ... Gold major Kinross has bought into Canadian explorer BonTerra Resources

“Their [Kinross’] entry into the Urban Barry gold camp further validates our ongoing progress and success at the Gladiator deposit and surrounding properties,” BonTerra CEO and president Nav Dhaliwal

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