Thunder Bay, Ontario--(Newsfile Corp. - December 15, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement financing (see news release dated November 27, 2023) pursuant to an arrangement with Wealth Creation Preservation & Donation Inc. ("WCPD") and investor Eric Sprott. The Company issued 6,250,000 Charity Flow-through Units ("FT Unit") for $0.25 per FT Unit for aggregate gross proceeds of $1,562,500 (the "Private Placement"). Each FT Unit consists of one common share of the Company and one-half of one common share purchase warrant (a "Warrant"), each Warrant being exercisable for an additional common share of the Company at an exercise price of $0.25 for 36 months from the date of issue. The FT Units will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada). see & read more on
https://www.newsfilecorp.com/release/191171/Benton-Closes-1.56-Million-NonBrokered-Premium-FlowThrough-Financing-with-Investment-by-Eric-Sprott