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.