- Benton Resources (BEX) has received approval from the TSXV to close its non-brokered private placement for gross proceeds of 1,979,199.90
- The company will issue 5,175,000 flow-through units at a price of $0.20 per unit and 5,245,555 non flow-through units at a price of $0.18 per unit
- Proceeds will be used to advance Benton’s Newfoundland joint-venture properties as well as various Ontario-based exploration projects
- Benton Resources Inc. is a mineral exploration company
- Benton Resources Inc. (BEX) is unchanged, trading at C$0.185 per share at 2:25 pm ET
Benton Resources (BEX) has received approval from the TSXV to close its non-brokered private placement for gross proceeds of 1,979,199.90.
The company will issue 5,175,000 flow-through units at a price of $0.20 per unit. Each FT unit consists of one flow-through common share and one-half of one common share purchase warrant. Each full warrant is exercisable for one additional common share at a price of $0.30 for 24 months from the date of issuance.
The company will also issue 5,245,555 non-flow-through units at a price of $0.18 per unit. Each unit consists of one common share and one common share purchase warrant, each purchase warrant being exercisable for an additional common share at a price of $0.30 for 24 months from the date of issuance.
Benton is paying finders’ fees in conjunction with the previously announced offering. All securities issued will be subject to a four-month and one-day hold period. The private placement is subject to approval by the TSXV.
Proceeds will be used to advance Benton’s Newfoundland joint-venture properties as well as various Ontario-based exploration projects, and for working capital purposes.
Benton Resources Inc. is a mineral exploration company with a diversified, highly-prospective property portfolio.
Benton Resources Inc. (BEX) is unchanged, trading at C$0.185 per share at 2:25 pm ET.
