Benton Capital Corp. Applies for Share Buyback
29.05.2013 | Marketwired
THUNDER BAY, ONTARIO -- (Marketwired) -- 05/29/13 -- Benton Capital Corp. (TSX VENTURE: BTC) ("Benton") Thunder Bay, Ontario: announces that the Company has applied for regulatory approval for a Normal Course Issuer Bid (the "Bid") to purchase, through the facilities of the TSX Venture Exchange, up to 5,000,000 shares of its issued and outstanding common shares. The actual number of shares that may be purchased and the timing of such purchases will be determined by Benton and purchases pursuant to the Bid will be conducted through BMO Nesbitt Burns. The Company currently has a net asset value of approximately $8.04 million (consisting of $1.1 million in cash and $6.94 million in Coro Mining Corp. common shares) but a market capitalization of only $2.67 million (based on the May 28, 2013 closing market prices).About Benton Capital Corp.:
Benton Capital Corp. is a Canadian based junior which holds the Goodchild Copper-Nickel-PGM project located 5km NE of Stillwater Mining's Marathon Copper-PGM deposit currently being permitted for production. Benton Capital Corp. also holds approximately 57.87 million shares (approximately 41.84%) of Coro Mining Corp. (TSX: COP) - a Vancouver based copper exploration company with projects located in South America.
On behalf of the Board of Directors of Benton Capital Corp.,
Stephen Stares
President
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."
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Benton Capital Corp.
Stephen Stares, President
807-475-7474
807-475-7200 (FAX)
www.bentoncapital.ca
