Benjamin Hill Updates Consideration for Acquisition of Further Interest in Fully Permitted Coal Project and Filing of NI 43-101
Benjamin Hill Updates Consideration for Acquisition of Further Interest in Fully Permitted Coal Project and Filing of NI 43-101
Vancouver, British Columbia--(Newsfile Corp. - April 9, 2024) - Benjamin Hill Mining Corp. (CSE: BNN) (OTCQB: BNNHF) (FSE: 5YZ0) ("BNN" or the "Company") is pleased to announce that, further to its previous news release on January 31, 2024, it has altered the consideration for its proposed acquisition of a further interest of Aion Mining Corp. ("Aion") bringing the Company's total interest in Aion to 40% (the "Proposed Transaction").
不列颠哥伦比亚省温哥华--(新闻档案公司,2024年4月9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“)高兴地宣布,继其先前于2024年1月31日发布的新闻稿之后,它已经改变了拟议收购Aion Mining Corp. 进一步权益的对价(”永恒塔“)使公司在Aion的总权益达到40%(拟议的交易“)。
Proposed Transaction
Originally, the total consideration of $1,875,000 for the Proposed Transaction (the "Consideration") was to be paid to Aion by the payment of $500,000 in cash and the issuance of 2,370,690 common shares in the Company at a deemed price of $0.58 per share. Through further negotiation between the parties, the Company and Aion have decided to alter the makeup of the $1,875,000, such that the consideration the Company will pay to Aion for the Proposed Transaction will be split as follows:
拟议的交易
最初,拟议交易的总对价为1,875,000美元(”考虑“)将通过支付50万美元现金和以每股0.58美元的认定价格发行公司2370,690股普通股来支付给Aion。通过双方的进一步谈判,公司和Aion决定改变187.5万美元的构成,因此公司为拟议交易向Aion支付的对价将分配如下:
- $1,000,000 in cash on closing; and
- 收盘时有1,000,000美元的现金;以及
- 1,508,621 common shares of the Company at a deemed price of $0.58 per share, subject to CSE policies.
- 公司持有1,508,621股普通股,认定价格为每股0.58美元,但须遵守CSE政策。
The Company will also grant a right of first refusal for two-years, allowing it to purchase common shares in Aion to offset any further issuances by Aion of securities in order to allow the Company the opportunity to maintain its 40% interest.
该公司还将授予为期两年的优先购买权,允许其购买Aion的普通股,以抵消Aion进一步发行的证券,从而使公司有机会维持其40%的权益。
Aion is a non-arm's length party to the Company by reason of sharing a common director, Cole McClay. The alteration to the makeup of the consideration was reviewed and approved by a committee of the Company's independent directors.
由于共同董事科尔·麦克莱(Cole McClay)是公司的共同董事,Aion是公司的非独立方。对价构成的变更已由公司独立董事组成的委员会审查和批准。
Completion of the transaction is subject to the receipt of all necessary approvals and consents on terms satisfactory to the parties, including any necessary approvals from the CSE.
交易的完成必须获得所有必要的批准和双方满意的条款的同意,包括CSE的任何必要批准。
There are no assurance or guarantees that the proposed transaction will be completed, whether on the terms and conditions described above or at all. The Company will provide further updates as they become available.
无论是根据上述条款和条件还是根本无法保证或保证拟议的交易将完成。公司将在更新发布后提供进一步的更新。
Filing of 43-101 Technical Report
The Company also announces that it has received and filed a technical report for Aion's fully permitted Colombian coal project, which was prepared in support of the Proposed Transaction.
提交 43-101 技术报告
该公司还宣布,它已收到并提交了Aion完全许可的哥伦比亚煤炭项目的技术报告,该报告是为支持拟议交易而编写的。
President, Lorne Warner P.Geo, states: "I completed my review of the technical report, and the author holds the experience and professional credentials to complete the NI 43-101 technical report and was prepared in accordance with the National Instrument guidelines. The stated resources in the report represents a small portion of known coal seam occurrences on the concession which remain open along strike in both directions and to depth."
洛恩·华纳 P.Geo 总裁表示: “我完成了对技术报告的审查,作者拥有完成NI 43-101技术报告的经验和专业证书,并且是根据国家仪器指南编写的。报告中提到的资源代表了特许权上已知的煤层矿点的一小部分,这些煤层在罢工期间在双向和深度罢工期间仍处于开放状态。”
About Benjamin Hill Mining Corp.
Benjamin Hill Mining Corp. is a Canadian-listed junior exploration company focused on exploring and advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project 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
Benjamin Hill Mining Corp. 是一家在加拿大上市的初级勘探公司,专注于勘探和推进Alotta项目,这是一个潜在的斑岩铜金钼项目,位于加拿大育空地区道森山脉斑岩/超热带非冰化部分的赌场斑岩矿床以南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
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 intentions with respect to the development of its mineral properties. 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.
前瞻性陈述
此处所做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矿产开发意向的信息。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,并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(包括同意采取某些措施的其他各方的行动和某些监管机构的批准)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,无法保证它们会被证明是正确的。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。除非适用的证券法有要求,否则如果情况或管理层的估计或意见发生变化,公司没有义务更新前瞻性信息,也没有义务对第三方就公司、其财务或经营业绩或证券做出的分析、预期或陈述发表评论。提醒读者不要过分依赖前瞻性信息。我们寻求安全港。