- Benton Resources (BEX) has closed its $2.4M non-brokered private placement
- The company will issue 6,250,000 flow-through share units and 6,250,000 non-flow-through units
- The company will use the proceeds for working capital, to advance various exploration projects and/or for flow-through mining expenditures
- Benton Resources is a mineral project generator focused on gold, silver, nickel, copper, lithium and platinum group elements
- Benton (BEX) is up 2.4 per cent trading at $0.21 per share at 3 pm ET
Benton Resources (BEX) has closed its previously announced $2.4M non-brokered private placement.
The company will issue 6,250,000 flow-through share units at $0.2275 per FT unit, for gross proceeds of $1,421,875 and 6,250,000 non-flow-through units at $0.16 per unit for proceeds of up to $1,000,000.
Each flow-through unit consists of one common share and one common share purchase warrant.
Each warrant is exercisable for one non-flow-through common share priced at $0.20 for 24 months from the date of issue.
Mr. Sprott through 2176423 Ontario Ltd., acquired 12,500,000 units for a total investment of $2,000,000.
The company will use gross proceeds from flow-through units to incur flow-through mining expenditures according to the Income Tax Act of Canada.
The company will use the gross proceeds from the sale of the units to advance Benton’s various exploration projects, and for working capital purposes.
Benton Resources is a mineral project generator focused on gold, silver, nickel, copper, lithium and platinum group elements.
Benton (BEX) is up 2.4 per cent trading at $0.21 per share at 3 pm ET.