Benton increases private placement to $2.4-million

Executive Summary

• Benton Resources Inc. increased its non‑brokered private placement to up to 43,636,364 units at $0.055 per unit, targeting gross proceeds of up to $2.4 million.
• Each unit contains one common share and one common share purchase warrant (exercise price $0.10, five‑year term). All securities will be subject to a four‑month hold period.
• Proceeds are earmarked to advance Benton’s Newfoundland projects and for general working capital; the financing is pending conditional approval from the TSX Venture Exchange.

Key Details

• Placement Size: Up to 43,636,364 units (previously announced on Sept. 17, 2025).
• Unit Composition: 1 common share + 1 warrant (right to purchase an additional common share at $0.10 for five years).
• Pricing: $0.055 per unit → gross proceeds up to $2.4 million.
• Hold Period: Securities issued will be subject to a four‑month hold from the date of issue.
• Use of Proceeds: Advance Newfoundland exploration projects and general working capital.
• Regulatory Status: Filing with TSX Venture Exchange for conditional approval; financing remains subject to exchange approval.
• Qualified Person: Stephen House (PGeo), VP Exploration, signed off on scientific and technical disclosure per NI 43‑101.

Notable Quotes

(No direct quotes were provided in the release.)