Benton Closes Private Placement of Flow-Through Units
Benton Resources Inc. (TSXV: BEX) has successfully closed its brokered flow-through private placement financing, raising $1,146,411.75 in gross proceeds. The company issued 6,947,950 flow-through units, each comprising one flow-through common share and half a common share purchase warrant. The warrants are exercisable at $0.25 for one non-flow-through common share within a 2-year period.
The funds will be used for eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures. Haywood Securities Inc. led the financing, with Red Cloud Securities Inc. and Canaccord Genuity Corp. as part of the syndicate. Benton paid $80,249.00 in cash fees and issued 486,356 compensation options to the agents, exercisable at $0.165 per share for 2 years.
Benton Resources Inc. (TSXV: BEX) ha completato con successo il suo finanziamento privato brokerato in flow-through, raccogliendo $1.146.411,75 in proventi lordi. La compagnia ha emesso 6.947.950 unità flow-through, ciascuna composta da una azione comune flow-through e mezzo warrant per l'acquisto di azioni comuni. I warrant sono esercitabili a $0,25 per un'azione comune non flow-through entro un periodo di 2 anni.
I fondi saranno utilizzati per spese di esplorazione canadese idonee che qualificano come spese minerarie critiche in flow-through. Haywood Securities Inc. ha condotto il finanziamento, con Red Cloud Securities Inc. e Canaccord Genuity Corp. come parte del sindacato. Benton ha pagato $80.249,00 in commissioni in contante e ha emesso 486.356 opzioni di compenso agli agenti, esercitabili a $0,165 per azione per 2 anni.
Benton Resources Inc. (TSXV: BEX) ha cerrado con éxito su financiación privada a través de intermediarios, recaudando $1,146,411.75 en ingresos brutos. La compañía emitió 6,947,950 unidades flow-through, cada una compuesta de una acción común flow-through y media garantía de compra de acciones comunes. Las garantías son ejercitables a $0.25 por una acción común no flow-through dentro de un período de 2 años.
Los fondos se utilizarán para gastos de exploración canadiense elegibles que califiquen como gastos de minería crítica en flow-through. Haywood Securities Inc. lideró la financiación, con Red Cloud Securities Inc. y Canaccord Genuity Corp. como parte del sindicato. Benton pagó $80,249.00 en comisiones en efectivo y emitió 486,356 opciones de compensación a los agentes, ejercitables a $0.165 por acción durante 2 años.
Benton Resources Inc. (TSXV: BEX)는 중개된 유상 증자 사모 배급을 성공적으로 마무리하였으며, 총 $1,146,411.75의 자금을 조달하였습니다. 회사는 6,947,950개 유상 증자 유닛을 발행하였으며, 각 유닛은 하나의 유상 증자 보통주와 반 개의 보통주 구매 워런트로 구성되었습니다. 워런트는 $0.25에 비유상 보통주로 교환할 수 있으며 2년 기간 내에 행사할 수 있습니다.
자금은 유상 증자로 인정되는 캐나다 탐사 비용에 사용될 예정입니다. Haywood Securities Inc.가 자금 조달을 이끌었으며, Red Cloud Securities Inc.와 Canaccord Genuity Corp.가 협업했습니다. Benton은 중개인들에게 $80,249.00의 현금 수수료를 지급하고 486,356개의 보상 옵션을 발행하였으며, 이는 2년 동안 $0.165에 행사 가능합니다.
Benton Resources Inc. (TSXV: BEX) a réussi à clôturer son placement privé par l'intermédiaire d'un courtier, levant $1 146 411,75 en produit brut. La société a émis 6 947 950 unités flow-through, chacune composée d'une action ordinaire flow-through et d'un demi-warrant d'achat d'actions ordinaires. Les warrants sont exerçables à $0,25 pour une action ordinaire non flow-through dans un délai de 2 ans.
Les fonds seront utilisés pour des dépenses d'exploration canadiennes éligibles qualifiant comme dépenses minières critiques en flow-through. Haywood Securities Inc. a dirigé le financement, avec Red Cloud Securities Inc. et Canaccord Genuity Corp. faisant partie du syndicat. Benton a payé $80 249,00 en frais de courtage et a émis 486 356 options de compensation aux agents, exerçables à $0,165 par action pendant 2 ans.
Benton Resources Inc. (TSXV: BEX) hat erfolgreich seine vermittelte Flow-Through-Privatplatzierung abgeschlossen und $1.146.411,75 brutto eingenommen. Das Unternehmen gab 6.947.950 Flow-Through-Einheiten aus, die jeweils aus einer Flow-Through-Stammaktie und einem halben Warrant zur Zeichnung von Stammaktien bestehen. Die Warrants sind innerhalb eines 2-Jahres-Zeitraums zum Preis von $0,25 für eine nicht Flow-Through-Stammaktie ausübbar.
Die Mittel werden für berechtigbare kanadische Erkundungsausgaben verwendet, die als Flow-Through-Kosten im Zusammenhang mit kritischen Mineralienqualifiziert werden. Haywood Securities Inc. leitete die Finanzierung, während Red Cloud Securities Inc. und Canaccord Genuity Corp. Teil des Syndikats waren. Benton zahlte $80.249,00 in Barprovisionen und gab 486.356 Vergütungsoptionen an die Agenten aus, die für 2 Jahre zu $0,165 pro Aktie ausgeübt werden können.
- Successful closing of $1,146,411.75 flow-through private placement financing
- Funds to be used for eligible Canadian exploration expenses
- Warrants provide potential for additional future funding at $0.25 per share
- Potential dilution of existing shareholders due to issuance of 6,947,950 new units
- Cash fee of $80,249.00 and issuance of 486,356 compensation options to agents
Thunder Bay, Ontario--(Newsfile Corp. - August 16, 2024) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") announces that, further to its July 17, 2024 news release, it has closed its brokered flow-through private placement financing for aggregate gross proceeds of
Haywood Securities Inc. acted as lead agent and sole bookrunner, together with a syndicate of agents including Red Cloud Securities Inc. and Canaccord Genuity Corp. (collectively, the "Agents").
The Company has issued 6,947,950 flow-through units ("Units"), each Unit consisting of one flow-through common share (the "Flow-Through Shares") and one half (1/2) of a common share purchase warrant, each full warrant being exercisable at
Each Flow-Through Share will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act").
The gross proceeds from the Financing will be used by the Company to incur eligible "Canadian exploration expenses" that will qualify as "flow-through critical mineral mining expenditures" as such terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Company's projects in Canada. All Qualifying Expenditures will be renounced in favour of the subscribers of the Flow-Through Units effective on or before December 31, 2024.
All securities issued under the Financing will be subject to a statutory hold period in Canada expiring four months and one day from the closing date of the Offering. The Financing is subject to final acceptance of the TSXV.
In accordance with TSX Venture Exchange policies, the Company has paid a cash fee of
About Benton Resources Inc.
Benton Resources is a well-financed mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Benton has a diversified, highly prospective property portfolio and 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 is focused on advancing its high-grade Copper-Gold Great Burnt Project in central Newfoundland, which has a Mineral Resource estimate of 667,000 tonnes @
On behalf of the Board of Directors of Benton Resources Inc.,
"Stephen Stares"
Stephen Stares, President
Parties interested in seeking more information about properties available for option can contact Mr. Stares at the number below.
For further information, please contact:
Stephen Stares, President & CEO
Phone: 807-474-9020
Email: sstares@bentonresources.ca
Nick Konkin, Investor Relations
Phone: 647-249-9298 ext. 322
Email: nick@grovecorp.ca
Website: www.bentonresources.ca
Twitter: @BentonResources
Facebook: @BentonResourcesBEX
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/220193
FAQ
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