BonTerra Resources Inc.

BonTerra Resources Inc.

October 06, 2009 03:01 ET

BonTerra Proposes Share Split

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 6, 2009) - BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) (the "Company") announces a proposal to split the shares of the Company on a one (1) old for two (2) new share basis. There are currently 22,842,898 common shares issued and outstanding, and if the proposed share split of one old for two new shares takes place, there would be approximately 45,685,796 common shares issued and outstanding. Outstanding stock options and share purchase warrants will also be adjusted by the share split ratio and the respective exercise prices of outstanding stock options and warrants will be adjusted accordingly. The Company will not be changing its name in conjunction with the share split. Although the proposed share split is not subject to shareholder approval, the share split is subject to the approval of the TSX Venture Exchange. The Company proposes the share split to increase liquity of its shares and, in turn, make financing terms more attractive.

The Company intends to set a record date for the proposed stock split as the second business day following issuance of the Exchange Bulletin by the TSX Venture Exchange. The Company intends to issue a subsequent news release with the exact record date once such date is determined following TSX Venture Exchange approval.

/s/ Mitchell Adam
Mitchell Adam
President, Director

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of BonTerra such as the statement that: (i) the stock split is subject to TSX Venture Exchange approval; (ii) the Company intends to set a record date as the second business day following receipt of approval from the TSX Venture Exchange; and (iii) the Company intends to issue a subsequent news release with the record date. There are numerous risks and uncertainties that could cause actual results and BonTerra's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) the inability to obtain exchange approval and (ii) other factors beyond BonTerra's control. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, BonTerra assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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