VANCOUVER, Sept. 15 /CNW/ - Benton Resources Corp. ("Benton" or the
"Company") announces that it has obtained regulatory approval to conduct its
normal course issuer bid (the "Bid") announced on August 25, 2008 to purchase,
through the facilities of the TSX Venture Exchange (the "Exchange") up to
3,000,000 common shares. The actual number of shares that may be purchased and
the timing of any such purchases will be determined by Benton and purchases
pursuant to the Bid will be conducted through RBC Dominion Securities Inc.
The Board of Benton believes that recent market prices of the Company's
shares do not properly reflect the underlying value of the Company. With the
Company's exploration results to date, the various joint ventures that the
Company has entered into and a treasury of approximately $19 million the Board
believes that the Bid is in the best interest of the shareholders. The Bid
will provide some liquidity for those shareholders who wish to dispose of
their shares and enhance the potential future value of the shares which remain
On behalf of the Board of Directors of Benton Resources Corp.
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking statements in this release are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform act of 1995.
Investors are cautioned that such forward-looking statements involve risks and
For further information:
For further information: Stephen Stares at 3290 Willard Ave, Thunder
Bay, Ont., P7E 6J7, Phone (807) 475-7474, Fax (807) 475-7200,