Benton Resources Inc. announces Non-Brokered premium flow-through financing of 6,250,000 Charity
Flow-through Units for an issue price of CAD 0.25 per FT Unit for aggregate gross proceeds of CAD 1,562,500 on November 27, 2023. Each FT Unit consists of one common share of the Company and one-half of one common share purchase warrant, each Warrant being exercisable for an additional
common share of the Company, each of which will not qualify as a flow-through share, at an exercise
price of CAD 0.25 for 36 months from the date of issue. The transaction included participation from Mr. Sprott of 2176423 Ontario Ltd. to acquire the 6,250,000 units pursuant to the Private Placement for total consideration of CAD 1,000,000. The Private Placement is expected to close on or before December 15, 2023. All securities issued pursuant to the Private Placement will be subject to a four-month and a day hold period. The Private Placement is subject to approval by the TSX Venture Exchange.