Newfoundland that are
Benton
Resources
Email:
Phone:
416-868-1079
x251
Cathy
Hume,
CEO
CHF
Capital
Markets
For
further
information,
please
contact:
and
Kepenkeck
in
Newfoundland
that
are
now
being
explored.
Corp.
(TSXV:
SIC)
through
three
large-scale
joint
venture
properties
including
Grey
River,
Golden
Hope
term
cash
flow.
Benton
has
also
recently
entered
into
a
50/50
strategic
alliance
with
Sokoman
Minerals
quality
assets.
Whenever
possible,
BEX
retains
Net
Smelter
Return
(NSR)
royalties
for
potential
long-
Elements
and
currently
holds
large
equity
positions
in
other
mining
companies
that
are
advancing
high-
diversified,
highly-prospective
property
portfolio
in
Gold,
Silver,
Nickel,
Copper,
and
Platinum
Group
Exchange
under
the
symbol
BEX.
Following
a
project-generation
business
model,
Benton
has
a
Benton
Resources
Inc.
is
a
well-funded
mineral
exploration
company
listed
on
the
TSX
Venture
About
Benton
Resources
Inc.
Stephen
Stares,
President
"Stephen
Stares"
On
behalf
of
the
Board
of
Directors
of
Benton
Resources
Inc.,
as
well
as
various
Ontario-based
exploration
projects,
and
for
working
capital
purposes.
The
proceeds
of
the
financing
will
be
used
to
advance
Benton's
Newfoundland
joint-venture
properties
Placement
is
subject
to
approval
by
the
TSX
Venture
Exchange.
pursuant
to
the
Private
Placement
will
be
subject
to
a
four
month
and
one
day
hold
period.
The
Private
combination
of
both,
as
permitted
by
the
policies
of
the
TSX
Venture
Exchange.
All
securities
issued
In
connection
with
the
Private
Placement,
the
Company
is
paying
finders'
fees
in
cash
or
securities
or
a
price
of
$0.30
for
24
months
form
the
date
of
issuance.
purchase
warrant,
each
warrant
being
exercisable
for
an
additional
common
share
of
the
Company
at
a
for
gross
proceeds
of
$944,199.90.
Each
Unit
consists
of
one
common
share
and
one
common
share
The
Company
will
now
also
issue
5,245,555
non
flow-through
units
("Units")
at
a
price
of
$0.18
per
Unit
accordance
with
provisions
of
the
Income
Tax
Act
(Canada).
through
shares
will
entitle
the
holder
to
receive
the
tax
benefits
applicable
to
flow-through
shares,
in
common
share
of
the
Company
at
a
price
of
$0.30
for
24
months
from
the
date
of
issuance.
The
flow-
half
of
one
common
share
purchase
warrant,
each
full
warrant
being
exercisable
for
an
additional
gross
proceeds
of
$1,035,000.
Each
FT
Unit
consists
of
one
(1)
flow-through
common
share
and
one-
The
Company
will
now
issue
5,175,000
flow-through
units
("FT
Units")
at
a
price
of
$0.20
per
FT
Unit,
for
flow-through
units
(the
"Private
Placement")
(see
Company
news
release
dated
October
21,
2021).
Exchange
to
close
its
previously
announced
non-brokered
private
placement
of
flow-through
and
non
('Benton'
or
'the
Company')
is
pleased
to
announce
that
it
has
received
approval
from
the
TSX
Venture
Thunder
Bay,
Ontario--(Newsfile
Corp.
-
November
2,
2021)
-
Benton
Resources
Inc.
(TSXV:
BEX)
Placement
Benton
Closes
Non-Brokered
Private
Stephen Stares, President & CEO
Phone: 807-475-7474
Email:
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 Company's
expectations; risks related to gold price and other commodity price fluctuations; and other risks and
uncertainties related to the Company's prospects, properties and business detailed elsewhere in the
Company'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
Company 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 Company's expectations or
projections.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/101726