- Investor, Eric Sprott
Investor, Eric Sprott
Source: Financial Post
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  • Benton (BEX) has announced a C$2.25 million private placement, including participation from renowned mining investor Eric Sprott
  • The company is offering flow-through units at $0.20 per unit for aggregate gross proceeds of up to $2,250,000
  • Sprott has indicated his intention to subscribe for $2,000,000 into the private placement
  • The company will use the proceeds for exploration expenses
  • Benton Resources holds a diversified property portfolio in gold, silver, nickel, copper and platinum group elements
  • Benton (BEX) is up by 2.86 per cent and is currently trading at $0.18 per share

Benton (BEX) has announced a C$2.25 million private placement, including participation from renowned mining investor Eric Sprott.

The company is offering flow-through units at $0.20 per unit for aggregate gross proceeds of up to $2,250,000.

Sprott has indicated his intention to subscribe for $2,000,000 into the private placement.

Each flow-through unit is comprised of one Benton common share that qualifies as a flow-through share within the meaning of the Income Tax Act and one-half of one common share purchase warrant.

Each warrant entitles the holder to purchase one Benton common share for $0.25 up to 36 months from closing.

The company will use the proceeds for exploration expenses.

Benton Resources holds a diversified property portfolio in gold, silver, nickel, copper and platinum group elements.

Benton (BEX) is up by 2.86 per cent and is currently trading at $0.18 per share as of 9:40 am ET.

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