Benton Resources Inc. Completes Vinland Shares Spin-Out
Benton Resources (TSXV: BEX) has completed the planned spin-out of approximately half of its Vinland Lithium shares. Shareholders owning at least 5,000 Benton shares will receive approximately 50 Vinland shares for each 5,000 Benton shares held, effective April 30, 2025.
Benton will distribute a total of 2,025,126 Vinland common shares while retaining 2,000,000 shares. Vinland has approximately 10,000,000 total issued shares. Sokoman Minerals Corp. is simultaneously spinning out an equal number of Vinland shares to its shareholders.
The new Benton shares (New Benton) will be listed on the Exchange on April 29, 2025, with the old shares delisting on April 28, 2025. While Vinland shares won't be immediately listed, the company has applied for Exchange listing separately.
Benton Resources (TSXV: BEX) ha completato la prevista scissione di circa la metà delle sue azioni di Vinland Lithium. Gli azionisti che possiedono almeno 5.000 azioni Benton riceveranno circa 50 azioni Vinland per ogni 5.000 azioni Benton detenute, a partire dal 30 aprile 2025.
Benton distribuirà un totale di 2.025.126 azioni ordinarie Vinland, mantenendo 2.000.000 di azioni. Vinland ha circa 10.000.000 di azioni totali emesse. Contemporaneamente, Sokoman Minerals Corp. sta effettuando una scissione dello stesso numero di azioni Vinland ai suoi azionisti.
Le nuove azioni Benton (Nuove Benton) saranno quotate in Borsa il 29 aprile 2025, mentre le vecchie azioni saranno rimosse dalla quotazione il 28 aprile 2025. Sebbene le azioni Vinland non saranno quotate immediatamente, la società ha presentato una domanda separata per la loro quotazione in Borsa.
Benton Resources (TSXV: BEX) ha completado la escisión planificada de aproximadamente la mitad de sus acciones de Vinland Lithium. Los accionistas que posean al menos 5,000 acciones de Benton recibirán aproximadamente 50 acciones de Vinland por cada 5,000 acciones de Benton que tengan, a partir del 30 de abril de 2025.
Benton distribuirá un total de 2,025,126 acciones ordinarias de Vinland, mientras retiene 2,000,000 de acciones. Vinland tiene aproximadamente 10,000,000 de acciones emitidas en total. Sokoman Minerals Corp. está realizando simultáneamente una escisión del mismo número de acciones de Vinland para sus accionistas.
Las nuevas acciones de Benton (Nuevas Benton) serán listadas en la Bolsa el 29 de abril de 2025, mientras que las acciones antiguas serán retiradas el 28 de abril de 2025. Aunque las acciones de Vinland no se listarán de inmediato, la compañía ha solicitado una cotización separada en la Bolsa.
Benton Resources (TSXV: BEX)는 약 절반에 해당하는 Vinland Lithium 주식의 예정된 분할을 완료했습니다. 최소 5,000 Benton 주식을 보유한 주주들은 2025년 4월 30일부터 5,000 Benton 주식당 약 50 Vinland 주식을 받게 됩니다.
Benton은 총 2,025,126주의 Vinland 보통주를 배포하며, 2,000,000주는 보유합니다. Vinland는 총 약 10,000,000주의 발행 주식을 가지고 있습니다. Sokoman Minerals Corp.도 동시에 동일한 수의 Vinland 주식을 주주들에게 분할하고 있습니다.
새로운 Benton 주식(New Benton)은 2025년 4월 29일 거래소에 상장되며, 기존 주식은 2025년 4월 28일에 상장 폐지됩니다. Vinland 주식은 즉시 상장되지 않지만, 회사는 별도로 거래소 상장을 신청했습니다.
Benton Resources (TSXV : BEX) a finalisé la scission prévue d'environ la moitié de ses actions de Vinland Lithium. Les actionnaires détenant au moins 5 000 actions Benton recevront environ 50 actions Vinland pour chaque tranche de 5 000 actions Benton détenues, à compter du 30 avril 2025.
Benton distribuera un total de 2 025 126 actions ordinaires Vinland tout en conservant 2 000 000 d'actions. Vinland compte environ 10 000 000 d'actions émises au total. Sokoman Minerals Corp. procède simultanément à une scission du même nombre d'actions Vinland pour ses actionnaires.
Les nouvelles actions Benton (New Benton) seront cotées en bourse le 29 avril 2025, tandis que les anciennes actions seront radiées le 28 avril 2025. Bien que les actions Vinland ne soient pas immédiatement cotées, la société a déposé une demande de cotation distincte.
Benton Resources (TSXV: BEX) hat die geplante Abspaltung von etwa der Hälfte seiner Vinland Lithium-Aktien abgeschlossen. Aktionäre, die mindestens 5.000 Benton-Aktien besitzen, erhalten ab dem 30. April 2025 etwa 50 Vinland-Aktien für jeweils 5.000 Benton-Aktien.
Benton wird insgesamt 2.025.126 Vinland-Stammaktien ausgeben und behält 2.000.000 Aktien. Vinland hat insgesamt etwa 10.000.000 ausgegebene Aktien. Gleichzeitig spaltet Sokoman Minerals Corp. die gleiche Anzahl von Vinland-Aktien an seine Aktionäre ab.
Die neuen Benton-Aktien (New Benton) werden am 29. April 2025 an der Börse notiert, während die alten Aktien am 28. April 2025 delistet werden. Die Vinland-Aktien werden nicht sofort gelistet, das Unternehmen hat jedoch separat eine Börsennotierung beantragt.
- Shareholders receive additional value through Vinland share distribution
- Benton maintains significant ownership with 2,000,000 Vinland shares post-spin-out
- Strategic partnership with Sokoman Minerals through concurrent spin-out
- Small shareholders (< 5,000 shares) excluded from Vinland distribution
- Vinland shares not immediately listed on Exchange
- Reduction in Benton's ownership of Vinland assets
Thunder Bay, Ontario--(Newsfile Corp. - April 25, 2025) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") announces that the Company's planned spin-out of approximately half of its shares of Vinland Lithium Inc has been completed. Accounts holding at least 5,000 Benton shares will see approximately 50 Vinland shares credited for each 5,000 Benton shares owned with the credit effective Wednesday April 30, 2025.
Details of the spin-out are contained in the Company's February 4, 2025 Management Information Circular, filed under the Company's profile on SEDAR+. Benton will spin-out to its shareholders a total of 2,025,126 common shares of Vinland and will continue to hold 2,000,000 Vinland shares. Vinland has approximately 10,000,000 issued shares. Sokoman Minerals Corp. is concurrently spinning out the same number of Vinland shares to its shareholders. Benton shares after the spin-out are herein "New Benton" shares are are identical to Benton shares currently listed ("Old Benton"), except that they are post-spin-out of Vinland. New Benton shares have a new identifying security number CA0832971018.
No Vinland Shares will be listed on the Exchange on closing of the Plan of Arrangement; however, Vinland has made a separate application to the Exchange for listing of the Vinland Shares. The Benton New Common Shares will be listed on the Exchange at market open on Tuesday April 29, 2025, and the Benton Old Common Shares will be delisted from the Exchange effective close of business April 28, 2025. Accounts holding less than 5,000 Benton shares will not participate in the Vinland share distribution.
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 the potential for 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;and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. 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/249756
FAQ
How many Vinland shares will shareholders receive in the Benton Resources (TSXV: BEX) spin-out?
When will the new Benton Resources (BEX) shares start trading after the Vinland spin-out?
What is the minimum shareholding required to participate in Benton's Vinland share distribution?
How many Vinland shares will Benton Resources retain after the spin-out?
