SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (50039)10/15/2018 6:21:58 PM
From: Goose94Read Replies (1) | Respond to of 203765
 
Benchmark Metals (BNCH-V) Oct 15, '18 Further to the Company’s announcement on September 26, 2018, Benchmark is pleased to announce that its proposed private placement was increased from 4.0 million to 4,090,000 flow-through shares at an offering price of $0.25 per share to raise gross proceeds of up to $1,022,500 (the “Offering”), and the Offering has been closed in two tranches.

The net proceeds of the Offering will be used to incur qualifying Canadian exploration expenses (the “Qualifying Expenses”) on the Lawyers Property, British Columbia, and the Company will renounce the Qualifying Expenses to the subscribers. Each subscriber will be entitled to their pro rata share of the flow-through expenses renounced, a 15% federal tax credit and, if a BC resident, a 20% BC mining expenditures tax credit, less any government assistance.

The securities for the Offering will bear legends restricting resale until either February 3, 2019 (for 2,920,000 shares) or February 11, 2019 (for 1,170,000 shares).

About Benchmark Metals Inc.
Benchmark is a Canadian mineral exploration company with its common shares listed for trading on the TSX Venture Exchange in Canada, the OTCQB Venture Market in the United States and the German Stock Exchanges in Europe. Benchmark is managed by proven resource sector professionals, who have a track record of advancing exploration projects from grassroots scenarios through to production.


ON BEHALF OF THE BOARD OF DIRECTORS

s/ “John Williamson”
John Williamson, Chief Executive Officer

For further information, please contact:
Jim Greig, President
jimg@BNCHmetals.com
Tel: (604) 260-6977