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Eric Sprott Announces Holdings in Benton Resources Inc.


Eric Sprott Announces Holdings in Benton Resources Inc.
Toronto, Ontario (Newsfile Corp. - June 3, 2021) - Eric Sprott announces that today, he acquired ownership of 10,000,000 flow-through units of Benton Resources Inc., through a private placement, at $0.20 per unit for aggregate consideration of $2,000,000. Each flow-through unit consists of one common share (that qualifies as a flow-through share) and one-half of one common share purchase warrant (warrant), with each whole warrant entitling the holder to acquire one common share at $0.25 for 36 months from the date of issuance.
Mr. Sprott now owns and controls 10,000,000 common shares and 5,000,000 warrants, representing approximately 8.6% of the issued and outstanding common shares on a non-diluted basis, and approximately 12.4% on a partially diluted basis assuming exercise of the warrants. Prior to this acquisition, Mr. Sprott did not beneficially own or control any securities of Benton Resources. ....

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