Le Lézard
Classified in: Oil industry

George Fink Announces Filing of Early Warning Report


CALGARY, AB, Oct. 21, 2021 /CNW/ - As required by applicable securities laws, George Fink, Chief Executive Officer of Bonterra Energy Corp. ("Bonterra" or the "Company") announces that he acquired 19,000 units of Company ("Units") at a price of $1,000 per Unit pursuant to a private placement for a subscription price of $19 million, which was satisfied by the release and discharge of existing indebtedness of the Company to Mr. Fink in the amount of $12 million and payment in cash of $7 million (the "Private Placement").

Each Unit was comprised of one senior unsecured debenture of the Company with a face value of $1,000, which bears interest at a rate of 9% per annum and has a four year term, and 56 common share purchase warrants of the Company ("Warrants"). Each Warrant entitles Mr. Fink to purchase one common share at a price of $7.75 per share for a term of four years. As a result of the Private Placement, Mr. Fink acquired an aggregate of 1,064,000 Warrants.

Prior to completion of the Private Placement, Mr. Fink held, directly or indirectly, 4,626,712 Common Shares which represented 13.71% of the outstanding common shares or 14.17% of the outstanding common shares assuming the exercise of 180,000 stock options held by Mr. Fink. After giving effect to the Private Placement, Mr. Fink held, directly or indirectly, 4,626,712 common shares which represented 13.71% of the outstanding common shares or 16.78% of the outstanding common shares assuming the exercise of 1,064,000 Warrants and 180,000 stock options held by Mr. Fink.

The Units were acquired for investment purposes. In the future, Mr. Fink or any of his joint actors may, subject to applicable law, acquire or dispose of securities of Bonterra depending upon a number of factors, including but not limited to general market and economic conditions and other available investment opportunities. 

A copy of the early warning report is available under Bonterra's sedar profile at www.sedar.com. For further information, please contact the following.

SOURCE George Fink


These press releases may also interest you

28 nov 2021
The disruption of the last two years has spawned some clear trends that are already having profound effects. One is the rapid growth of remote working. A perusal of tech industry job vacancies, where a substantial number now offer remote working as...

28 nov 2021
Enbridge Inc. (Enbridge or the Company)  today responded to the Canada Energy Regulator's (CER) November 26, 2021 decision to deny the implementation of contracting for firm service on the Enbridge Canadian Mainline system. Enbridge has completed...

26 nov 2021
Generación Mediterránea S.A. ("GEMSA") and Central Térmica Roca S.A. ("CTR" and, together with GEMSA, the "Companies") today announced the expiration of the previously announced offer to exchange (the "Exchange Offer") any and all of their...

26 nov 2021
Highwood Asset Management Ltd., ("Highwood" or the "Company") is pleased to announce financial and operating results for the quarter ended September 30, 2021.  The Company also announces that its unaudited financial statements and associated...

26 nov 2021
Enbridge Inc. (Enbridge or the Company) today received a decision from the Canada Energy Regulator (CER) on the Company's commercial proposal to offer transportation contracting on its Mainline pipeline system, which moves approximately 3 million...

26 nov 2021
Today, Hydro-Québec has made a commitment to the First Nations and the Inuit Nation. In a declaration presented at the Grand Economic Circle of Indigenous People and Quebec, we reaffirmed our dedication to developing and strengthening our dialogue...



News published on 21 october 2021 at 16:34 and distributed by: