Benz Mining to hold AGM Dec. 16

Executive Summary

• Benz Mining Corp. scheduled its Annual General and Special Meeting of shareholders for 16 Dec 2025 (record date 6 Nov 2025).
• The company disclosed a second tranche of its private placement: 50,762 new CDIs at A$0.985 per CDI, raising approximately A$50,000 (C$44,905) and requiring shareholder approval.
• The tranche is a related‑party transaction with director Mr. Jolly but is exempt from the full MI 61‑101 valuation/approval thresholds; placement remains subject to TSX Venture Exchange final approval.

Key Details

• Meeting Information – Date: 16 Dec 2025, 10:00 a.m. Perth time; Record date: 6 Nov 2025; shareholders of record may attend and vote.
• First Tranche (previously announced) – 30,456,853 CDIs at A$0.985 per CDI → approx. A$30 million (C$26.943 million) before costs.
• Second Tranche – 50,762 CDIs at A$0.985 per CDI → approx. A$50,000 (C$44,905) before costs; to be placed with Mr. Jolly (director).
• Related‑Party Transaction – Placement to a director qualifies under MI 61‑101 but is exempt because neither the number of CDIs nor consideration exceeds 25 % of market cap.
• Regulatory Conditions – Subject to final approval by the TSX Venture Exchange; all issued CDIs subject to a statutory hold period of four months and one day in Canada.
• Currency Conversion – Australian dollar amounts converted to Canadian dollars using Bank of Canada rate (1 AUD = 0.8981 CAD) as of 12 Aug 2025.

Notable Quotes

(No executive quotes were provided in the release.)