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Name - Benton Resources Corp.
Website - http://www.bentonresources.ca/s/Home.asp
Warrant Symbol - BTC.WT
Number Trading - 3,450,000
Expiration Date - April 13, 2007
Cusip - 083295 11 3
Warrants called to trade news
Benton Resources to list on TSX-V April 13, 2005
2005-04-12 17:21 ET - New Listing
Benton Resources Corp.'s initial public offering prospectus dated March 1, 2005,
has been filed with and accepted by the TSX Venture Exchange, and filed with and
receipted by the British Columbia, Alberta and Ontario securities commissions on
March 7, 2005, pursuant to the provisions of the applicable securities acts.
The gross proceeds received by the company for the offering were $1.38-million (2.3
million flow-through units and 2.3 million non-flow-through units (regular units) at 30
cents per unit). Each regular unit consists of one common share in the capital of the
company plus one whole share purchase warrant, with each warrant entitling the
holder to purchase one non-flow-through common share at an exercise price of 30
cents in the first year following the date of this notice and at a price of 40 cents
during the second year following the date of this notice. Each flow-through unit will
consist of one flow-through common share plus one-half of one warrant, each
whole warrant entitling the holder to purchase one non-flow-through warrant share
at an exercise price of 30 cents in the first year following the date of this notice and at
a price of 40 cents during the second year following the date of this notice. The
company is classified as a mineral exploration and development company.
Commence date: At the opening April 13, 2005, the common shares and share
purchase warrants will commence trading on the TSX-V
Corporate jurisdiction: British Columbia
Capitalization: Unlimited common shares with no par value, of which 13,394,568
common shares are issued and outstanding
Escrowed shares: 5,833,331 common shares
Transfer agent: Pacific Corporate Trust Company
Symbol: BTC
Cusip No.: 083295 10 5
Agent: Canaccord Capital Corp.
Capitalization on warrants: 3.45 million Series A warrants issued and outstanding
(see above for warrant exercise terms)
Warrant symbol: BTC.WT
Warrant Cusip No.: 083295 11 3
Agent's commission units: 27,900 non-transferable commission units. Each
agent's commission unit comprises one common share and one whole share
purchase warrant. Each warrant will be exercisable into one common share at an
exercise price of 30 cents in the first year and at 40 cents during the second year
following the date of this notice.
Agent's warrants: 690,000 non-transferable agent's warrants exercisable at 35
cents per share for a period of one year
Corporate finance units: 270,000 non-transferable corporate finance units. Each
corporate finance unit comprises one common share and one whole share
purchase warrant. Each warrant will be exercisable into one common share at an
exercise price of 50 cents for one year.
For further information, please refer to the company's prospectus dated March 1,
2005.