Benz's last annual general and special meeting was held on
Benz Delays AGM
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2019) - Benz Mining Corp. (TSXV: BZ) (the "Company" or "Benz")
announces that it has requested a second and final extension from the B.C. Registrar of Companies to postpone its annual
general meeting.
Benz's last annual general and special meeting was held on May 5, 2017, and the Company's second
extension granted by the B.C. Registrar of Companies expires August 5, 2019.
Further to the termination of the reverse takeover with Fox
Automotive Switzerland AG, Benz is undergoing a comprehensive
review of strategic alternatives and as a result Benz feels it would be prudent to delay the meeting until the conclusion of such
review.
The Company will update shareholders of the meeting date as soon as it is able to do so.
Benz does not currently meet the requirements of TSXV Policy 3.1 "Directors, Officers, Other Insiders and Personnel and
Corporate Governance" section 21(b) which requires that Benz's audit committee be comprised of at least three (3) directors,
the majority of which must be independent.
Currently, the audit committee members are Gordon F. Bub and Ronald A. Hall, both
are independent.
Benz expects to rectify this matter at its next annual general meeting.
About Benz
Benz is a Vancouver based mineral company publicly listed on the TSX Venture Exchange.
It is focused on acquiring and
developing mineral base and precious metal assets in safe jurisdictions.
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:
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian
securities legislation, concerning the business and trading in the common stock of Benz Mining Corp. The forward-looking
information is based on certain key expectations and assumptions made by the Company's management. Although the
Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable,
undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they
will prove to be correct. These forward-looking statements are made as of the date of this press release and the Company
disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information,
future events or results or otherwise, other than as required by applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED
IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ACCURACY OR
ADEQUACY OF THIS RELEASE.