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Benchmark Metals Inc. 
Listed Company 

BENCHMARK METALS INC. ("BNCH")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: October 8, 2019
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced September 5, 2019:

Number of Shares: 18,333,334 shares
5,000,000 flow-through shares

Purchase Price: $0.30 per share
$0.40 per flow-through share

Warrants: 9,166,663 share purchase warrants to purchase 9,166,663 shares

Warrant Exercise Price: $0.40 for a two year period

Number of Placees: 57 placees

Insider / Pro Group Participation:

Insider=Y /
Name ProGroup=P # of Shares
2176423 Ontario Ltd. (Eric Sprott) Y 13,333,334 units
Aggregate Pro Group Involvement P 729,999 units
25,000 f/t
[9 placees]

Agent's Fee: Sprott Capital Partners LP - $364,905.01 and 646,350 Agent's Warrants that are exercisable into common shares at $0.30 per share for a two year period.

Richardson GMP - $16,499.99 and 588,333 Agent's Warrants that are exercisable into common shares at $0.30 per share for a two year period.

PI Financial Corp. - $40.545.00 and 71,817 Agent's Warrants that are exercisable into common shares at $0.30 per share for a two year period.


Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued news releases dated September 27, 2019 and October 7, 2019 and announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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