Bonterra Resources Repays C$5-Million Credit Facility

01:57 PM EDT, 09/02/2026 (MT Newswires) -- Bonterra Resources (BTR.V) repaid a non-revolving credit facility of C$5 million to Wexford Capital, it said in a statement on Wednesday. The credit facility bore an annual interest rate equal to 8.00% plus the secured overnight financing rate term rate applicable to the six-month period starting on the closing date and ending on the maturity date of Sept. 23. The company paid a total of C$5.4 million, which includes the principal amount of the credit facility, accrued interest, and the payment of the commitment fee. Proceeds were used for indemnifying or reimbursing its shareholders who participated in the flow-through private placements completed on Dec. 13, 2019, and Oct. 21, 2021. Bonterra also used proceeds to fund eligible exploration and development expenses on the Desmaraisville property. Shares of the company were last seen up C$0.005 to C$0.13 on the TSX Venture Exchange. Price: 0.13, Change: +0.01, Percent Change: +4.00