VANCOUVER, British Columbia, June 07, 2018 (GLOBE NEWSWIRE) -- Benchmark Metals Inc. (formerly, Crystal Exploration Inc., the “Company” or “Benchmark”) (TSX-V:BNCH) (OTCQB:CYRTF) (WKN:A2JM2X) – Further to the Company’s prior announcements on March 22 and May 9, 2018, Benchmark is pleased to report that on June 6, 2018, it received final acceptance from the TSX Venture Exchange of its option and joint venture letter agreement (the “OJVA”) with PPM Phoenix Precious Metals Corp. (“PPM”) for the Company’s option to acquire from PPM up to a 75% interest in the Lawyers Property, B.C. (the “Lawyers Property”) over three years. The Company also proposes to close on June 14, 2018 its non-brokered unit offering for gross proceeds of $3.21 million (the “Unit Offering”) to fund the initial phase of exploration work on the Lawyers Property and general working capital purposes. Upon closing of the offering, it is anticipated that the TSX Venture Exchange (the “TSX-V”) will issue an Exchange Bulletin providing final acceptance of these transactions and notice that the Company will resume trading at the opening of the TSX-V market on the second trading day subsequent to issuance of the Exchange Bulletin. Accordingly, the Company expects trading will resume on Monday, June 18, 2018.
Benchmark Receives Acceptance of Property Option, and Proposes Closing Date for $3.21 Million Non-Brokered Unit Offering
Jun 08, 2018
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