BENCHMARK METALS INC. ("BNCH") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: October 16, 2018 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 26, 2018:
Number of Shares: 4,090,000 flow-through shares
Purchase Price: $0.25 per flow-through share
Number of Placees: 22 Placees
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P # of Shares John Williamson Y 80,000 f/t Sean Mager Y 40,000 f/t Aggregate Pro Group Involvement P 920,000 f/t [7 placees]
Finder's Fee: Sprott Capital Partners - $30,000 and 120,000 Finder's Warrants that are exercisable into common shares at $0.25 per share for a two year period.
Haywood Securities Inc. - $3,000 and 12,000 Finder's Warrants that are exercisable into common shares at $0.25 per share for a two year period.
Leede Jones Gable Inc. - $13,500 and 54,000 Finder's Warrants that are exercisable into common shares at $0.25 per share for a two year period.
PI Financial corp. - $10,050 and 40,200 Finder's Warrants that are exercisable into common shares at $0.25 per share for a two year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release dated * announcing the closing of the private placement and setting out the expiry dates of the hold period(s). ________________________________________
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