TSX-V-listed junior Bonterra Resources and Metanor Resources have struck a merger agreement to create an advanced Canadian gold exploration and development company. Under the terms of the agreement, Bonterra will acquire all of the issued and outstanding shares in Metanor for C$0.73 in equity consideration, at an exchange ratio of 1.6039 Bonterra shares, for each Metanor share. Following the acquisition, Bonterra shareholders will hold some 58% of the combined company with Metanor shareholders holding the balance. The combined entity will have one of the largest contiguous land packages located in the Urban Barry ... (full story)