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Source: Benchmark Metals
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  • Benchmark Metals (BNCH) has announced that the 10,473,163 warrants that were due to expire on September 23, 27, and October 7 have been fully exercised
  • The exercised warrants have provided the company with $4,058,615 of working capital to the treasury
  • Eric Sprott exercised of 6,666,667 warrants for proceeds of $2,666,667
  • He and the other shareholders continue to support Benchmark as it progresses its Lawyers Project
  • Benchmark Metals is a Canadian gold and silver company in British Columbia
  • Benchmark Metals Inc. (BNCH) is currently down 6.19 per cent, trading at $1.06 per share

Benchmark Metals (BNCH) has announced that the 10,473,163 warrants that were due to expire have been fully exercised.

The exercised warrants have provided the company with $4,058,615 of working capital to the treasury, including Eric Sprott’s exercise of 6,666,667 warrants for proceeds of $2,666,667.

Mr. Sprott remains the largest single shareholder, controlling 14.8% of Benchmark’s outstanding common shares.

He and the other shareholders continue to support Benchmark as it progresses its Lawyers Project as a significant gold-silver mine in Canada.

The Lawyers Project is located in the prolific Golden Horseshoe of British Columbia and consists of three mineralized deposits that remain open for expansion.

Benchmark investors have consistently exercised 100% of the warrants issued in placements since the 2018 acquisition of its flagship project.

John Williamson, CEO of Benchmark, commented,

“Benchmark investors are being rewarded by significant share appreciation as we continue to deliver on our accelerated plans and promises.”

He added, “Mr. Sprott’s support provides significant strength as we work towards building Canada’s next major gold-silver mine.”

Benchmark Metals is a Canadian gold and silver company in British Columbia.

Benchmark Metals Inc. (BNCH) is currently down 6.19 per cent, trading at $1.06 per share as of 2:32 pm ET.

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