Bonterra Resources Inc. said it repaid a C$5 million non-revolving credit facility ahead of its scheduled maturity date, settling the obligation in full for C$5,361,469.86.
The payment, made entirely in cash, covered the principal plus accrued interest and a C$100,000 commitment fee. No common shares were issued in connection with the repayment, according to the company.
The facility was originally extended on March 23, 2026 by Wexford Capital LP, an insider lender based in Delaware, at an annual interest rate of 8.00% plus the six-month Secured Overnight Financing Rate. Its scheduled maturity was September 23, 2026.
Bonterra used the original proceeds from the facility to indemnify or reimburse shareholders who participated in flow-through private placements completed on December 13, 2019 and October 21, 2021, covering taxes associated with those offerings. A portion of the funds also financed eligible exploration and development expenditures on the Desmaraisville property to meet renunciation commitments under the flow-through share subscription agreements.
The early repayment was funded using proceeds from a rights offering announced on August 31, 2026. Bonterra is listed on the TSX Venture Exchange under the ticker BTR, trades OTCQX as BONXF, and is quoted on the Frankfurt Stock Exchange under 9BR2.
