For the ones who did not see this news
Benton investor Sprott acquires 10 million shares
2021-06-03 16:55 ET - News Release
Mr. Eric Sprott, investor, reports
ERIC SPROTT ANNOUNCES HOLDINGS IN BENTON RESOURCES INC.
Eric Sprott has acquired ownership of 10 million flow-through units of Benton Resources Inc., through a private placement, at 20 cents per unit for aggregate consideration of $2-million. Each flow-through unit consists of one common share (that qualifies as a flow-through share) and one-half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one common share at 25 cents for 36 months from the date of issuance.
Mr. Sprott now owns and controls 10 million common shares and five million warrants, representing approximately 8.6 per cent of the issued and outstanding common shares on a non-diluted basis and approximately 12.4 per cent on a partially diluted basis, assuming the exercise of the warrants. Prior to this acquisition, Mr. Sprott did not beneficially own or control any securities of Benton Resources.
The common shares were acquired by Mr. Sprott for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of Benton Resources, including on the open market or through private acquisitions, or sell securities of Benton Resources, including on the open market or through private dispositions, in the future, depending on market conditions, reformulation of plans and/or other relevant factors.
Benton Resources is located at suite 2110, 650 West Georgia St., Vancouver, B.C., V6B 4N8. A copy of Mr. Sprott's early warning report will appear under Benton Resources's profile on SEDAR and may also be obtained by calling 416-945-3294 (200 Bay St., suite 2600, Royal Bank Plaza, South Tower, Toronto, Ont., M5J 2J1).
© 2021 Canjex Publishing Ltd. All rights reserved.