Benjamin Hill Announces Closing of Oversubscribed $5 Million Financing
Benjamin Hill Announces Closing of Oversubscribed $5 Million Financing
Vancouver, British Columbia--(Newsfile Corp. - March 26, 2024) - Benjamin Hill Mining Corp. (CSE: BNN) (OTCQB: BNNHF) (FSE: 5YZ0) ("BNN" or the "Company"), further to its press release of March 4, 2024, is pleased to announce that it has closed its previously announced private placement financing of an aggregate of 8,352,750 units (the "Units") at a price of $0.64 per Unit for aggregate gross proceeds of $5,345,760 (the "Offering").
不列颠哥伦比亚省温哥华--(新闻档案公司,2024年3月26日)——本杰明·希尔矿业公司(CSE:BNN)(场外交易代码:BNNH)(FSE:5YZ0)(”BNN“或者”公司“)继2024年3月4日的新闻稿之后,很高兴地宣布,它已经完成了先前宣布的总额为8,352,750个单位的私募融资(”单位“) 以每单位0.64美元的价格计算,总收益为5,345,760美元(”提供“)。
The Offering was conducted on a "best efforts" private placement basis by Eight Capital, as lead agent and sole bookrunner (the "Agent"). The Offering was structured such that 6,792,500 Units (the "LIFE Units") for aggregate proceeds of $4,347,200 were sold pursuant to the "listed issuer financing" prospectus exemption whereby these securities will not subject to any hold period and 1,560,250 Units (the "Accredited Investor Units") for aggregate proceeds of $998,560 were offered pursuant to the "accredited investor" prospectus exemption whereby these securities will be subject to a statutory hold period of four months and one day. As the base Offering was oversubscribed, the Agent exercised an option granted by the Company to arrange for the sale of additional Units (the "Agent's Option"), included in the amounts above.
本次发行由Eight Capital作为牵头代理人和唯一账簿管理人在 “尽最大努力” 私募的基础上进行(”代理人“)。本次发行的结构使6,792,500个单位(”生命单位“)根据 “上市发行人融资” 招股说明书豁免出售了总收益为4,347,200美元,根据该豁免,这些证券不受任何持有期限制,1,560,250个单位(”经认可的投资者单位“)根据 “合格投资者” 招股说明书豁免发行,总收益为998,560美元,根据该豁免,这些证券的法定持有期为四个月零一天。由于基本发行被超额认购,代理人行使了公司授予的期权,以安排出售更多单位(”代理选项“),包含在上述金额中。
Each Unit consisted of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one Common Share of the Company (a "Warrant Share") for a period of 36 months following the issuance thereof at an exercise price of $0.80 per Warrant Share.
每个单位由公司资本中的一股普通股组成(a”普通股“) 和一份普通股购买权证 (a”搜查令“)。每份认股权证使持有人有权购买公司的一股普通股(a”认股权证“)自发行之日起36个月内,每股认股权证的行使价为0.80美元。
In accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the LIFE Units were made available to purchasers resident in each of the Provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). The securities offered under the Listed Issuer Financing Exemption are not subject to a hold period in accordance with applicable Canadian securities laws.
根据国家仪器 45-106-招股说明书豁免 (”在 45-106“),根据NI 45-106第5A部分规定的上市发行人融资豁免,向居住在加拿大各省(魁北克除外)的购买者提供了人寿单位(”上市发行人融资 豁免“)。根据适用的加拿大证券法,根据上市发行人融资豁免发行的证券不受持有期限制。
The Accredited Investor Units were made available to purchasers resident in each of the Provinces of Canada, except Quebec, pursuant to the accredited investor exemption under Section 2.3 of NI 45-106, and re subject to a statutory hold period of four months plus one day from issuance in accordance with applicable Canadian securities laws.
根据NI 45-106第2.3节规定的合格投资者豁免,合格投资者单位向居住在加拿大各省(魁北克除外)的购买者提供,根据适用的加拿大证券法,合格投资者单位的法定持有期为四个月加一天的发行日。
In connection with the Offering, the Company filed an offering document (the "Offering Document") under the Company's profile at and on the Company's website at: .
关于本次发行,公司提交了一份要约文件(”发售文件“)在公司的简介下方以及公司网站上:。
Upon closing of the Offering, the Company paid to the Agent a cash commission of 6% of the aggregate proceeds of the Offering (including the exercise of the Agent's Option) and issued non-transferrable warrants of the Company exercisable at any time prior to the date that is 24 months from the Closing Date to acquire a number of Units equal to 6% of the number of Units issued pursuant to the Offering, at an exercise price equal to the Offering Price (in each case, other than pursuant to certain direct subscriptions).
本次发行结束后,公司向代理人支付了本次发行(包括行使代理期权)总收益的6%的现金佣金,并在截止日期之前的任何时候(自截止日期起24个月)发行了不可转让的公司认股权证,以等于发行价格的行使价收购相当于本次发行单位数量6%的单位(每种情况下),除非根据某些直接订阅)。
The Company plans to use the proceeds from the LIFE Units to further the exploration and development of its Alotta Property and for general expenses and working capital. The proceeds of the Accredited Investor Units will be used in whole or part to fund the cash consideration payable under the Company's proposed acquisition of additional common shares of Aion Mining Corp. ("Aion"). If the Aion common share acquisition is completed as contemplated, the Company will increase its aggregate interest in Aion to a total 40% interest.
该公司计划将LIFE Units的收益用于进一步勘探和开发其Alotta物业,并用于一般开支和营运资金。合格投资者单位的收益将全部或部分用于为公司拟议收购Aion Mining Corp. 额外普通股下应付的现金对价提供资金(”永恒塔“)。如果Aion普通股收购按计划完成,该公司将把其在Aion的总权益增加到40%的总权益。
The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange (the "CSE").
本次发行受某些条件的约束,包括但不限于获得所有必要的批准,包括加拿大证券交易所的批准(”案例“)。
About Benjamin Hill Mining Corp.
Benjamin Hill Mining Corp. is a Canadian-listed junior exploration company focused on exploring and advancing the Alotta project. The Alotta project is a porphyry copper-gold-molybdenum prospect, located 50 km south of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada.
关于本杰明·希尔矿业公司
本杰明·希尔矿业公司是一家在加拿大上市的初级勘探公司,专注于勘探和推进阿洛塔项目。Alotta项目是一个斑岩铜金钼矿区,位于加拿大育空地区道森山脉斑岩/超热带未冰化的Casino斑岩矿床以南50公里处。
In addition, the Company holds a 20% interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains eight known seams of metallurgical and thermal coal.
此外,该公司持有Aion Mining Corp. 20%的权益,该公司正在哥伦比亚桑坦德开发完全许可的La Estrella煤炭项目。该项目包含八个已知的冶金和动力煤层。
On behalf of the Board of Directors
"Cole McClay", CEO Benjamin Hill Mining Corp.
info@benjaminhillmining.com
代表董事会
“科尔·麦克莱”,本杰明·希尔矿业公司首席执行官
info@benjaminhillmining.com
Forward-Looking Statements
前瞻性陈述
Certain of the statements made and information contained herein may contain forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's proposed use of the proceeds of the Offering. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbor.
此处所作的某些陈述和包含的信息可能包含适用的加拿大证券法所指的前瞻性信息。前瞻性信息包括但不限于有关公司拟议使用本次发行所得款项的信息。前瞻性信息基于信息发布之日管理层的观点、观点、意图和估计,基于多种假设,受各种风险和不确定性以及其他因素的影响,这些因素可能导致实际事件或结果与前瞻性信息(包括同意做某些事情的其他各方的行动以及某些监管机构的批准)中的预期或预测存在重大差异。这些假设中有许多是基于公司无法控制的因素和事件,因此无法保证这些因素和事件会被证明是正确的。无法保证前瞻性信息会被证明是准确的,因为实际结果和未来事件可能与此类信息中的预期存在重大差异。除非适用的证券法要求,否则如果情况或管理层的估计或观点发生变化,公司没有义务更新前瞻性信息,也没有义务评论第三方对公司、其财务或经营业绩或证券的分析、预期或陈述。提醒读者不要过分依赖前瞻性信息。我们寻求安全港。