Bonterra Energy Corp. announced a brokered private placement of an aggregate of 32,000 units at a price of CAD 1,000 for gross proceeds of CAD 32,000,000 on October 20, 2021. Each unit being comprised of one senior unsecured debenture, with a face value of CAD 1,000 which bears interest at 9% per annum and has a four year term, and 56 common share purchase warrants, with each warrant exercisable to acquire one common share at price of CAD 7.75 per common share, for a period of four years from October 20, 2021.