To: longz who wrote (172921 ) 10/2/2015 10:37:26 AM From: heinz44 1 RecommendationRecommended By longz
Respond to of 233835 right................October 02, 2015 09:00 ET Benton Capital Terminates Letter of Intent to Acquire Gross Overriding Royalty From Great Lakes GraphiteTHUNDER BAY, ONTARIO--(Marketwired - Oct. 2, 2015) - Benton Capital Corp. (TSX VENTURE:BTC) ("Benton" or "the Company") announces that it has elected to terminate its previously announced Letter of Intent ("LOI") with Great Lakes Graphite Inc. ("GLK") to acquire a 10% Gross Overriding Royalty on GLK's Graphite Micronization facility located in Matheson, Ontario (see Benton PR dated July 30, 2015). The Board and Management of Benton would like to wish the GLK team much success at Matheson moving forward. The Company remains committed to evaluating strategic opportunities that will bring value to its shareholders. With its strong treasury and minimal burn rate, the Company feels that it is well positioned to secure prospective opportunities for its shareholders and will continue to update shareholders on any developments. About Benton Capital Corp.: The Company has over $1 million in cash, holds 1,566,623 warrants of Coro Mining Corp. exercisable at $0.15 until December 20, 2016. In addition, Benton holds no debt and has a very low burn rate. Benton also holds the Goodchild-PGM-Copper-Nickel project located less than 4km from Stillwater's Marathon Copper-PGM deposit which is currently under development near Marathon Ontario. The Company's strategy is to seek out and acquire attractive royalty opportunities that offer shareholder value now and into the future. On behalf of the Board of Directors of Benton Capital Corp.,