Mr. Stephen Stares reports
BENTON EXTENDS WARRANT EXERCISE TERM
Benton Resources Inc. has extended the expiry date of 5,625,000 outstanding common share purchase warrants.
Pursuant to a May, 2021, private placement financing, the company issued 5,625,000 warrants with an exercise price of 25 cents, with an original expiry date of May 28, 2024. The company has extended the expiry date of the 2021 warrants by 12 months, such that the 2021 warrants will expire on May 28, 2025. All other terms of the 2021 warrants remain unchanged.
Warrantholders are advised that replacement warrant certificates will not be issued and that the original warrant certificates must be presented to the company in order to effect the exercise of the warrants.
About Benton Resources Inc.
Benton Resources is a well-financed mineral exploration company. 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, Benton Resources retains net smelter return (NSR) royalties with potential long-term cash flow.
Benton is focused on advancing its high-grade Great Burnt copper-gold project in central Newfoundland, which has a mineral resource estimate of 667,000 tonnes at 3.21 per cent copper indicated and 482,000 at 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 km 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 phase 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 one m of 12.70 per cent Cu.
We seek Safe Harbor.
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