Benz Mining Corp. Retains the Services of Paradox Public Relations Inc. and Announces Non-Brokered Private Placement
BENZ MINING CORP.
Suite 606, 909 Burrard Street
Vancouver, BC V6Z 2N2
News Release TSX-V: BZ
Frankfurt: 1VU
Benz Mining Corp. Retains the Services of Paradox Public Relations Inc.
and Announces Non-Brokered Private Placement
August 18, 2017 – Vancouver, British Columbia (TSX-V: BZ and Frankfurt: 1VU) Benz Mining Corp.
(the “Company” or “Benz”), is pleased to announce that it has engaged Paradox Public Relations Inc.
(“Paradox”) as strategic investor relati ons consultant to the company. Paradox will focus on
developing and expanding Benz’s financial communications with t he investment community through
a comprehensive investor relations program.
Paradox is a Montreal based investor relations firm founded in 2001. Paradox provides a wide range
of services to companies to help broaden their investor exposure and develop a shareholder following.
The term of the agreement entered into between the company and Paradox is for an initial period of
12 months. In consideration for its services, Benz has agreed to pay to Paradox a monthly fee of $8,333.
Private Placement
The Company is also pleased to announce a non-brokered, private placement of 6,250,000 units
(each, a “ Unit”) at a price of $0.20 per Unit, for gross proceeds of up to $1 ,250,000
(the “Private Placement”). Each Unit consisting of one common share in the capital of the Company
(each a “Share”) and one whole common share purchase warrant (each a “Warrant”). Each Warrant
will entitle the holder to purchase one Share (a “Warrant Share”) at a price of $0.35 per Warrant Share
for a period of 24 months following closing.
The net proceeds from the Private Placement will be used for co ntinued exploration and development
of Benz’s flagship Mel Zinc project near Watson Lake, Yukon.
All of the Shares issued pursuan t to the Private Placement (inc luding Warrant Sha res issuable upon
exercise of Warrants) will be subject to a four-month hold peri od from the date of issue. The Private
Placement is subject to approval from the TSX Venture Exchange (the “Exchange”).
After giving effect to the Private Placement, the Company will have an aggregate of 17,739,202
common shares issued and outstanding.
Warrant and Accelerator Clause
The Warrants are subject to an acceleration clause. If the closing price of the Company’s shares on the
Exchange is at or above $0.55 per share for a period of twenty (20) consecutive trading days during the
term of the Warrants, the Company may accelerate the expiry date of the Warrants to 30 calendar days
from the date express written notice is given by the Company to the holder.
Completion of the private placement and any finder’s fees payable are subject to regulatory approval.
On behalf of the Board of Directors of Benz
Mining Corp.
Miloje Vicentijevic, President and Chief Executive Officer
For more information please contact
Benz Mining Corp.
Telephone: 604.617.1239
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsi bility for the accuracy or adequacy of this release.