Benton Closes Non-Brokered Private Placement of Flow-Through and Non-Flow Through Units
Benton Closes Non-Brokered Private Placement of Flow-Through
and Non-Flow Through Units
Thunder Bay ON, January 17, 2023 – Benton Resources Inc. (“Benton” or the “Company”) (TSX-V:
BEX) further to its December 23, 2022 news release, the Company is pleased to announce that it has closed
its private placement financing of flow-through and non-flow-through units (the “Financing”) for gross
aggregate proceeds of $1,376,623, and has issued 8,358,022 flow-through units (“FT Unit”), each FT Unit
consisting of one (1) flow-through common share and one-half of one share purchase warrant, each full
warrant being exercisable for an additional common share of the Company at a price of $0.20 for 18 months
following the date of issuance.
Additionally, the Company has issued 1,720,830 non-flow through units (“NFT Unit”), each NFT Unit
consisting of one (1) common share and one (1) common share purchase warrant, each warrant being
exercisable for an additional common share of the Company at a price of $0.20 for 18 months following
the date of issuance.
In connection with the Financing, the Company has paid cash finders fees totaling $76,597 and issued
554,731 broker warrants, exercisable at $0.20 for 18 months.
All securities issued pursuant to the Financing are subject to a 4 month hold.
On behalf of the Board of Directors of Benton Resources Inc.,
"Stephen Stares"
Stephen Stares, President
About Benton Resources Inc.
Benton Resources Inc. is a well-funded mineral exploration company listed on the TSX Venture Exchange
under the symbol BEX. Following a project generation business model, Benton has a diversified, highly-
prospective property portfolio of Gold, Silver, Nickel, Copper, Platinum Group Elements and most-recently
Lithium and Cesium assets. In addition, it currently holds large equity positions in other mining companies
that are advancing high-quality assets. Whenever possible, BEX retains Net Smelter Return (NSR) royalties
with potential long-term cash flow.
Benton also is a 50/50 partner in a strategic alliance with Sokoman Minerals Corp. (TSXV:SIC) through
three large-scale joint venture properties including Grey River Gold, Golden Hope, and Kepenkeck in
Newfoundland.
For further information, please contact:
CHF Capital Markets
Thomas Do, Investor Relations Manager
Phone: 416-868-1079 x 232
Email: [email protected]
Benton Resources Inc.
Stephen Stares, President & CEO
Phone: 807-475-7474
Email: [email protected]
Website: www.bentonresources.ca
Twitter: @BentonResources
Facebook: @BentonResourcesBEX
LinkedIn: @BentonResources
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of applicable
securities legislation. Forward-looking statements relate to information that is based on assumptions of
management, forecasts of future results, and estimates of amounts not yet determinable. Any statements
that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events
or performance are not statements of historical fact and may be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual
events or results to differ from those reflected in the forward -looking statements, including, without
limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms;
risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and
exploration; risks related to the maintenance of stock exchange listings; risks related to environmental
regulation and liability; the potential for delays in exploration or development activities or the completion
of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of
drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty
of production and cost estimates and the potential for unexpected costs and expenses; results of
prefeasibility and feasibility studies, and the possibility that future exploration, development or mining
results will not be consistent with the Alliance's expec tations; risks related to gold price and other
commodity price fluctuations; and other risks and uncertainties related to the Alliance's prospects,
properties and business detailed elsewhere in the Alliances's disclosure record. Should one or more of these
risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may
vary materially from those described in forward -looking statements. Investors are cautioned against
attributing undue certainty to forward-looking statements. These forward-looking statements are made as
of the date hereof and the Alliance does not assume any obligation to update or revise them to reflect new
events or circumstances. Actual events or results could differ materially from the Alliance's expectations or
projections.