18:47:29 EDT Thu 09 Apr 2026
Enter Symbol
or Name
USA
CA



Benton Resources Inc
Symbol BEX
Shares Issued 244,128,825
Close 2026-04-09 C$ 0.07
Market Cap C$ 17,089,018
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Benton arranges $2.5-million private placement

2026-04-09 16:59 ET - News Release

Mr. Stephen Stares reports

BENTON ANNOUNCE $2.5 MILLION FLOW-THROUGH FINANCING

Subject to approval by the TSX Venture Exchange, Benton Resources Inc. intends to complete a non-brokered flow-through private placement for gross proceeds of up to $2.5-million.

The offering will consist of up to 31.25 million eight-cent flow-through units, each FT unit consisting of one flow-through common share of the company and one-half of a common share purchase warrant, each full warrant being exercisable at 12 cents for 24 months from the date of issue.

All FT units issued pursuant to the offering, which is subject to exchange acceptance, will be subject to a hold period in Canada of four months plus one day from closing.

The company will use an amount equal to the gross proceeds received by the company from the sale of the FT units, pursuant to the provisions in the Income Tax Act (Canada), to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures as both terms are defined in the Income Tax Act (Canada) on or before Dec. 31, 2027, and to renounce all the qualifying expenditures in favour of the subscribers of the FT units, effective Dec. 31, 2026.

The offering may involve eligible finders, with finders' fees payable in accordance with exchange policies.

The proceeds of the offering will be used to advance the company's various exploration projects.

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 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 of 3.21 per cent copper indicated and 482,000 tonnes of 2.35 per cent Cu inferred. The project has an excellent geological setting covering 25 kilometres of strike and boasts six known copper-gold-silver zones over 15 kilometres that are all open for expansion. Further potential for discovery is excellent given the extensive number of untested geophysical targets and Cu-Au soil anomalies. Phase 1 and 2 drill programs returned impressive results including 25.42 metres of 5.51 per cent Cu, including 9.78 m of 8.31 per cent Cu, and 1.00 m of 12.70 per cent Cu. Drilling at the South Pond gold zone, approximately 7.5 km north of the Great Burnt copper-gold zone, has confirmed a robust gold-mineralized system over 2.7 kilometres with results of 74.20 m of 1.43 g/t Au and 43.75 m of 1.62 g/t Au, and is open for expansion in all directions.

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