82 82 Page 82 the Larder Lake Project forward in partnership with Bonterra Bonterra s Gladiator Project is in ma jor regional crustal shear zones that cross the Abitibi Subprovince and is considered the plumbing system for these signifcant gold deposits A relate d splay of a major shear zones crosses this Greenstone Belt which helped fertilize the area with gold Bonterra s Gladiator Project is com prised of three properties W est Are na East Arena and Coliseum Proper ties These properties are contiguous or in close proximity to each other The project is located approximately 170 km NE of V al dOr and 125 km SW of Chibougamau in the Urban Barry and Bailly townships The Larder Lake Project contains a historic estimate In August 15 201 1 PE Mining Consultants prepared for Kerr Mines a resource estimate as reported in a technical report titled 43101 T echnical Report and Updat ed Resource Estimates on the Larder Lake Property Larder Lake Ontario for Bear Lake Gold Ltd Bonterra considers the historical estimate to be relevant and reliable given that it was prepared under NI 43101 standards Bonterra considers this resource es timate to be historical it has not in dependently verifed it and therefore it cannot be relied upon as a current mineral resource for Bonterra A quali fed person of Bonterra has not done sufcient work to classify the historical estimate as current min eral resources or mineral reserves and Bonterra is not treating the his torical estimate as current mineral resources On Feb 13 Bonterra announced that it has entered into an amended agree ment with Sprott Capital Partners a division of Sprott Private W ealth LP to act as lead underwriter and INFOR Financial Inc colle ctively the Underwriters and has agreed to incre ase the ofering size of pur chased securities from 12902400 to 13974800 in gross proceeds Also the company was to complete a nonbrokered private placement of 3660000 common shares at a price of 028 per share The nonbrokered ofering was to be completed on the same terms as the ofering Contd from pg 80 C OMPLE TE SOL UTIONS FOR W A TER AND W ASTE W A TER TREA TMENT Our adv anc e d biological w at e r t re at me nt syst e ms include SIBR O M Sapphire W at e r s proprie t ar y le ading e dg e e n vironme nt ally sust ainable approac h t o w at e r and w ast e w at e r t re at me nt Sapphire W at er Int e r national de li v e rs pot able and w ast e w ate r solut ions t hat pro vide Canadians wit h w at e r t hat is safe and c lean Our sy st e ms pr o vide fre sh w at e r t o y our taps and e nsure re sident ial c omme r c ial and indust rial w aste w at e r is t re ated so it s qualit y mee t s or be at s all nat ional and int e r nat ional standards sassapphir e w a t er ca T oll F r ee 1 800 205 3633 w w w sapphir e w a t er ca makes deal with Spr ott Capital Bonterra Page 83 MECANICADCA INNOV A TIVE VENTILA TION SOLUTION BIG SA VINGS ON ENERGY AND SHIPPING QUICK AND EASY TO INST ALL ON SITE LESS ELECTRICITY LESS FREIGHT REUSABLE POSITIVE AND NEGA TIVE APPLICA TIONS ALL SIZES AND DIAMETERS AFTER SALES TECHNICAL SERVICE INST ALLA TION AND TRAINING ON SITE W ANT MORE INFORMA TION JOIN US A T BOOTH R310 CANADA MEXICO UNITED ST A TES 1 888 7972009 SPV 232 IMPELLER CABLE PULLEY 7 0 Email salesfabrithanecom