Benton Applies for Share Buyback
04 Dezembro 2013 - 6:40PM
Marketwired
Benton Applies for Share Buyback
THUNDER BAY, ONTARIO--(Marketwired - Dec 4, 2013) - Benton
Resources Inc. (TSX-VENTURE:BEX) ("Benton" or the "Company")
announces that the Company has applied for regulatory approval for
a Normal Course Issuer Bid (the "Bid") to purchase, through the
facilities of the TSX Venture Exchange, up to 5,000,000 shares of
its issued and outstanding common shares. The actual number of
shares that may be purchased and the timing of such purchases will
be determined by Benton and purchases pursuant to the Bid will be
conducted through BMO Nesbitt Burns. The Company currently has
approximately $7.8 million in combined cash and investments but a
market capitalization of only $4.6 million (based on the December
3, 2013 closing market price). In addition to the large discount to
its cash and investments, the Company has an excellent portfolio of
prospective early stage to advanced exploration projects.
About Benton Resources Inc. (TSX-VENTURE:BEX)
Benton Resources Inc. is a well-funded Canadian-based junior
with approximately $7.2 million in cash and $0.6 million in
equities with multiple joint ventures and a diversified property
portfolio in Gold, Silver, Nickel, Copper, and Platinum group
elements.
Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources
Inc., is the qualified person responsible for this release.
On behalf of the Board of Directors of Benton Resources
Inc.,
Stephen Stares, President
THE TSX-VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT
ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
Benton Resources Inc.Stephen
Stares(807)475-7474(807)475-7200www.bentonresources.ca
Benton Resources (TSXV:BEX)
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