Benton Capital to Focus on Exploration and Royalties
THUNDER BAY, ONTARIO--(Marketwired - Jan 19, 2015) - Benton Capital Corp. (TSX VENTURE:BTC) ("Benton" or "the Company") would like to provide an update to shareholders on the future plans of the Company. Benton's management has always been dedicated to the mining and exploration industry and would like to announce that Benton will focus on the acquisition of mining royalties through various strategies including exploration, purchase, and exploration finance. The Company plans on building long-term value while taking advantage of the current difficult exploration markets. In conjunction with this new focus the Company will retain its listing on the TSX Venture Exchange with resumption of trading to occur in due course in conjunction with the Company's previously approved 2 for 1 share consolidation.. As a result, the Company will no longer pursue a listing on the Canadian Securities Exchange.
Benton remains committed to delivering new value to shareholders of the Company and is currently evaluating opportunities in the royalty space and a strategy to acquire them while maximizing value with the current treasury. The Company remains well funded with a minimal burn rate and as such management feels Benton is well positioned to capitalize on these opportunities that will benefit its shareholders.
About Benton Capital Corp.:
The Company has over $1 million in cash, holds 1,566,623 warrants of Coro 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.
On behalf of the Board of Directors of Benton Capital Corp.,
Stephen Stares, President and CEO
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.