EARLY WARNING REPORT IN ACCORDANCE WITH MULTILATERAL INSTRUMENT 62-104 & NATIONAL INSTRUMENT 62-103 This press release is issued pursuant to Multilater al instrument 62-104 – Take-Over Bids and issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over
EARLY WARNING REPORT IN ACCORDANCE WITH MULTILATERAL INSTRUMENT 62-104 & NATIONAL INSTRUMENT 62-103
This press release is issued pursuant to Multilateral instrument 62-104 – Take-Over Bids and issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting issues.
Thunder Bay, ON, May 15, 2020 – Benton Resources Inc. (“Benton” or the “Company”) (TSX-V: BEX) announces that on May 14, 2020 it acquired ownership of 24,615,884 common shares of Clean Air Metals Inc. (the “Issuer”) pursunt to the terms of an option agreement (see the Company’s news releases dated May 15, 2020 and May 11, 2020 for details of the transaction). Following this acquisition Benton owns 24,615,884 common shares in the capital of the Issuer representing approximately 19.7% of the Issuer’s issued common shares. The shares were issued at a deemed price of $0.13 per Common Share.
A report respecting this acquisition will be electronically filed with the Securities Commissions in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Prince Edward Island, and Newfoundland and will be available for viewing through the Internet at the Canadian System for Electronic Analysis and Retrieval (SEDAR) at www.sedar.com.
On behalf of the Board of Directors of Benton Resources Inc.,
"Stephen Stares"
Stephen Stares, President
About Benton Resources Inc.
Benton Resources is a well-funded Canadian-based project generator with a diversified property portfolio in Gold, Silver, Nickel, Copper, and Platinum group elements. Benton holds multiple high-grade projects available for option which can be viewed on the Company's website. Many projects have an up-to-date 43-101 Report available.
For further information, please contact:
Stephen Stares, President & CEO Phone: 807-475-7474 Email: [email protected] Website: www.bentonresources.ca
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