Benton Closes $1.836 Million in First Tranche of Private Placement Financing

Core Points - Benton Resources Inc. has successfully closed the first tranche of its private placement financing, raising $1.836 million from the issuance of 33,372,910 units at a price of $0.055 each [1][2] - The total financing amount is $2.4 million, which is subject to final approval from the TSX Venture Exchange [1][3] - The proceeds from the financing will be utilized to advance projects in Newfoundland and for general working capital [2] Company Overview - Benton Resources is a mineral exploration company listed on the TSX Venture Exchange under the symbol BEX, with a diversified property portfolio and significant equity positions in other mining companies [5] - The company focuses on its high-grade Copper-Gold Great Burnt Project in Newfoundland, which has a mineral resource estimate of 667,000 tonnes at 3.21% Cu indicated and 482,000 tonnes at 2.35% Cu inferred [6] - The Great Burnt Project has shown promising drilling results, including 25.42 meters of 5.51% Cu and significant gold mineralization at the South Pond Gold Zone [6]