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Sokoman Minerals Corp V.SIC

Alternate Symbol(s):  SICNF

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. Its projects include Moosehead Gold, Fleur de Lys, Grey River Gold, Kepenkeck Gold, Killick Lithium, Crippleback Lake Gold, Startrek and Iron Horse. Moosehead Gold property includes 98 claims totaling 2,450 hectares adjacent to the Trans-Canada Highway in central Newfoundland. Fleur de Lys project of 1,891 claims on the Baie Verte Peninsula of NW. Grey River property in southern Newfoundland includes 324 claims in seven licenses, centered on the community of Grey River. Kepenkeck gold project, located in central Newfoundland. Killick Lithium Project is in southwestern Newfoundland. Crippleback Lake Gold Project is in proximity to the Trans-Canada Highway in north-central Newfoundland. Startrek Property is located 20 kilometers (km) east of the town of Gander, Newfoundland and Labrador, Canada. Iron Horse project is located over 120 km northeast of Labrador City, Labrador.


TSXV:SIC - Post by User

Post by knoxton Oct 27, 2021 10:06am
195 Views
Post# 34054023

our partner's news

our partner's news
 
Benton Announces Non-Brokered $2 Million Private Placement

 

21 Oct 202107:31 ET  

Newsfile Corp

 

Thunder Bay, Ontario--(Newsfile Corp. - October 21, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that, subject to all regulatory approvals, the Company intends to complete a non-brokered private placement of flow-through and non flow-through units (the "Private Placement") for combined aggregate gross proceeds of up to $2 million. The Private Placement is expected to close on or before November 1, 2021.

The Company intends to issue up to 5,000,000 flow-through units ("FT Units") at a price of $0.20 per FT Unit, for gross proceeds of $1,000,000. Each FT Unit will consist of one (1) flow-through common share and one-half of one common share purchase warrant, each full warrant being exercisable for an additional common share of the Company at a price of $0.30 for 24 months from the date of issuance. The flow-through shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).

The Company also intends to issue up to 5,555,556 non flow-through units ("Units") at a price of $0.18 per Unit for aggregate proceeds of up to $1,000,000. Each Unit will consist of one common share and one common share purchase warrant, each warrant being exercisable for an additional common share of the Company at a price of $0.30 for 24 months form the date of issuance.

In connection with the Private Placement, the Company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a four month and one day hold period. The Private Placement is subject to approval by the TSX Venture Exchange.

The proceeds of the financing will be used to advance Benton's Newfoundland joint-venture properties as well as various Ontario-based exploration projects, and for working capital purposes.

 

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