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").
不列顛哥倫比亞省溫哥華--(新聞檔案公司,2024年3月26日)——本傑明·希爾礦業公司(CSE:BNN)(場外交易代碼:BNNH)(FSE:5YZ0)(”BNN“或者”公司“)繼2024年3月4日的新聞稿之後,很高興地宣佈,它已經完成了先前宣佈的總額爲8,352,750個單位的私募融資(”單位“) 以每單位0.64美元的價格計算,總收益爲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.
本次發行由Eight Capital作爲牽頭代理人和唯一賬簿管理人在 “盡最大努力” 私募的基礎上進行(”代理人“)。本次發行的結構使6,792,500個單位(”生命單位“)根據 “上市發行人融資” 招股說明書豁免出售了總收益爲4,347,200美元,根據該豁免,這些證券不受任何持有期限制,1,560,250個單位(”經認可的投資者單位“)根據 “合格投資者” 招股說明書豁免發行,總收益爲998,560美元,根據該豁免,這些證券的法定持有期爲四個月零一天。由於基本發行被超額認購,代理人行使了公司授予的期權,以安排出售更多單位(”代理選項“),包含在上述金額中。
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.
每個單位由公司資本中的一股普通股組成(a”普通股“) 和一份普通股購買權證 (a”搜查令“)。每份認股權證使持有人有權購買公司的一股普通股(a”認股權證“)自發行之日起36個月內,每股認股權證的行使價爲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.
根據國家儀器 45-106-招股說明書豁免 (”在 45-106“),根據NI 45-106第5A部分規定的上市發行人融資豁免,向居住在加拿大各省(魁北克除外)的購買者提供了人壽單位(”上市發行人融資 豁免“)。根據適用的加拿大證券法,根據上市發行人融資豁免發行的證券不受持有期限制。
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.
根據NI 45-106第2.3節規定的合格投資者豁免,合格投資者單位向居住在加拿大各省(魁北克除外)的購買者提供,根據適用的加拿大證券法,合格投資者單位的法定持有期爲四個月加一天的發行日。
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: .
關於本次發行,公司提交了一份要約文件(”發售文件“)在公司的簡介下方以及公司網站上:。
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).
本次發行結束後,公司向代理人支付了本次發行(包括行使代理期權)總收益的6%的現金佣金,並在截止日期之前的任何時候(自截止日期起24個月)發行了不可轉讓的公司認股權證,以等於發行價格的行使價收購相當於本次發行單位數量6%的單位(每種情況下),除非根據某些直接訂閱)。
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.
該公司計劃將LIFE Units的收益用於進一步勘探和開發其Alotta物業,並用於一般開支和營運資金。合格投資者單位的收益將全部或部分用於爲公司擬議收購Aion Mining Corp. 額外普通股下應付的現金對價提供資金(”永恒塔“)。如果Aion普通股收購按計劃完成,該公司將把其在Aion的總權益增加到40%的總權益。
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").
本次發行受某些條件的約束,包括但不限於獲得所有必要的批准,包括加拿大證券交易所的批准(”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.
關於本傑明·希爾礦業公司
本傑明·希爾礦業公司是一家在加拿大上市的初級勘探公司,專注於勘探和推進阿洛塔項目。Alotta項目是一個斑岩銅金鉬礦區,位於加拿大育空地區道森山脈斑岩/超熱帶未冰化的Casino斑岩礦牀以南50公里處。
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,該公司持有Aion Mining Corp. 20%的權益,該公司正在哥倫比亞桑坦德開發完全許可的La Estrella煤炭項目。該項目包含八個已知的冶金和動力煤層。
On behalf of the Board of Directors
"Cole McClay", CEO Benjamin Hill Mining Corp.
info@benjaminhillmining.com
代表董事會
“科爾·麥克萊”,本傑明·希爾礦業公司首席執行官
info@benjaminhillmining.com
Forward-Looking Statements
前瞻性陳述
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.
此處所作的某些陳述和包含的信息可能包含適用的加拿大證券法所指的前瞻性信息。前瞻性信息包括但不限於有關公司擬議使用本次發行所得款項的信息。前瞻性信息基於信息發佈之日管理層的觀點、觀點、意圖和估計,基於多種假設,受各種風險和不確定性以及其他因素的影響,這些因素可能導致實際事件或結果與前瞻性信息(包括同意做某些事情的其他各方的行動以及某些監管機構的批准)中的預期或預測存在重大差異。這些假設中有許多是基於公司無法控制的因素和事件,因此無法保證這些因素和事件會被證明是正確的。無法保證前瞻性信息會被證明是準確的,因爲實際結果和未來事件可能與此類信息中的預期存在重大差異。除非適用的證券法要求,否則如果情況或管理層的估計或觀點發生變化,公司沒有義務更新前瞻性信息,也沒有義務評論第三方對公司、其財務或經營業績或證券的分析、預期或陳述。提醒讀者不要過分依賴前瞻性信息。我們尋求安全港。