The Offer is open for 105 days and there is no immediate need to take any action.
Bonterra's board of directors (the 'Board') has put together a committee of independent directors (the 'Special Committee') to review and evaluate Obsidian's offer. Bonterra's Board will provide a formal recommendation in a directors' circular to Bonterra shareholders on or before
Do Not Take Any Action at This Time
Bonterra shareholders are advised to TAKE NO ACTION on the Offer and NOT TENDER SHARES until receiving further communication and a recommendation from the Board, who will consider the Offer with the Company's advisors and the Special Committee. The Special Committee will conduct a full review of the Offer to determine what is in the best interests of Bonterra and its shareholders.
Advisors
Legal counsel to Bonterra is
Shareholder Questions
Shareholders with questions are encouraged to call Bonterra's information agent,
About Bonterra
Forward Looking Information
Certain statements contained in this release include statements which contain words such as 'anticipate', 'could', 'should', 'expect', 'seek', 'may', 'intend', 'likely', 'will', 'believe' and similar expressions, relating to matters that are not historical facts, and such statements of our beliefs, intentions and expectations about development, results and events which will or may occur in the future, constitute 'forward-looking information' within the meaning of applicable Canadian securities legislation and are based on certain assumptions and analysis made by us derived from our experience and perceptions.
Contact:
Tel: (403) 262-5307
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