- Benton (BEX) has announced a C$2.25 million private placement, including participation from renowned mining investor Eric Sprott
- The company is offering flow-through units at $0.20 per unit for aggregate gross proceeds of up to $2,250,000
- Sprott has indicated his intention to subscribe for $2,000,000 into the private placement
- The company will use the proceeds for exploration expenses
- Benton Resources holds a diversified property portfolio in gold, silver, nickel, copper and platinum group elements
- Benton (BEX) is up by 2.86 per cent and is currently trading at $0.18 per share
Benton (BEX) has announced a C$2.25 million private placement, including participation from renowned mining investor Eric Sprott.
The company is offering flow-through units at $0.20 per unit for aggregate gross proceeds of up to $2,250,000.
Sprott has indicated his intention to subscribe for $2,000,000 into the private placement.
Each flow-through unit is comprised of one Benton common share that qualifies as a flow-through share within the meaning of the Income Tax Act and one-half of one common share purchase warrant.
Each warrant entitles the holder to purchase one Benton common share for $0.25 up to 36 months from closing.
The company will use the proceeds for exploration expenses.
Benton Resources holds a diversified property portfolio in gold, silver, nickel, copper and platinum group elements.
Benton (BEX) is up by 2.86 per cent and is currently trading at $0.18 per share as of 9:40 am ET.