26/10/14 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
BULLETIN V2026-3207
BENTON RESOURCES INC. ("BEX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 14, 2026
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation pertaining to a Property Sale Agreement (the "Agreement") dated September 30, 2026, between Benton Resources Inc. (the "Company") and an arm's length party (the "Vendor"). Pursuant to the terms of the Agreement, the Company will acquire a 100% interest in 6 claim units in one mineral licence contiguous to and within its Dominion project in Newfoundland. By way of consideration, the Company will make a cash payment of $20,000 and issue 400,000 common shares to the Vendor. The Property is subject to a 2.5% Net Smelter Royalty ("NSR") in favour of the Vendor. The Company has the right, at any time, to purchase 1.5% of the NSR for $1,500,000. Commencing four years from the effective date of the Agreement, the Company will pay an advance NSR payment of $6,000 annually, which will be credited against future royalty payments.
For further details, please refer to the Company's news release dated October 5, 2026.
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