THUNDER BAY, ON, May 3, 2013 /CNW/ - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") announces that its board of
directors has adopted an advance notice policy (the "Policy") in order
to facilitate an orderly and efficient annual general meeting or, where
the need arises, special meeting, to ensure that all shareholders
receive adequate notice of director nominations and sufficient
information with respect to all nominees, and to allow shareholders to
register an informed vote having been afforded reasonable time for
The Policy, among other things, fixes a deadline by which holders of
record of common shares must submit director nominations to the
Secretary of the Company prior to any annual or special meeting of
shareholders and sets forth the specific information that a shareholder
must include in the written notice to the Secretary of the Company for
an effective nomination to occur. No person will be eligible for
election as a director of the Company unless nominated in accordance
with the provisions of the Policy.
In the case of an annual meeting of shareholders, notice to the Company
must be made not less than 30 nor more than 65 days prior to the date
of the annual meeting; provided, however, that in the event that the
annual meeting is to be held on a date that is less than 50 days after
the date on which the first public announcement of the date of the
annual meeting was made, notice may be made not later than the close of
business on the 10th day following such public announcement.
In the case of a special meeting of shareholders (which is not also an
annual meeting), notice to the Company must be made not later than the
close of business on the 15th day following the day on which the first
public announcement of the date of the special meeting was made.
The Policy is in full force and effect as of May 1, 2013. In accordance
with the terms of the Policy, the Policy will be put to shareholders of
the Company for approval at the next annual general and special meeting
(the "Meeting") which will take place in November 2013. If the Policy
is not confirmed at the Meeting, the Policy will terminate and be of no
further force and effect following the termination of the Meeting.
About Benton Resources Inc. (TSXV: BEX)
Benton Resources Inc is a newly listed Canadian-based junior with
multiple joint ventures and a diversified property portfolio in
Gold-Silver, Nickel, Copper, and Platinum group elements. The Company
is well funded with approximately $9.3 million in cash and $1.8 million
in marketable securities.
On behalf of the Board of Directors of Benton Resources Inc.,
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements"
within the meaning of applicable securities legislation.
Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and estimates
of amounts not yet determinable. Any statements that express
predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance are not statements of
historical fact and may be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and
uncertainties which could cause actual events or results to differ from
those reflected in the forward-looking statements, including, without
limitation: risks related to failure to obtain adequate financing on a
timely basis and on acceptable terms; risks related to the outcome of
legal proceedings; political and regulatory risks associated with
mining and exploration; risks related to the maintenance of stock
exchange listings; risks related to environmental regulation and
liability; the potential for delays in exploration or development
activities or the completion of feasibility studies; the uncertainty of
profitability; risks and uncertainties relating to the interpretation
of drill results, the geology, grade and continuity of mineral
deposits; risks related to the inherent uncertainty of production and
cost estimates and the potential for unexpected costs and expenses;
results of prefeasibility and feasibility studies, and the possibility
that future exploration, development or mining results will not be
consistent with the Company's expectations; risks related to gold price
and other commodity price fluctuations; and other risks and
uncertainties related to the Company's prospects, properties and
business detailed elsewhere in the Company's disclosure record. Should
one or more of these risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those described in forward-looking statements.
Investors are cautioned against attributing undue certainty to
forward-looking statements. These forward looking statements are made
as of the date hereof and the Company does not assume any obligation to
update or revise them to reflect new events or circumstances. Actual
events or results could differ materially from the Company's
expectations or projections
SOURCE: Benton Resources Inc.
For further information:
Stephen Stares @:
3250 Highway 130,
Rosslyn, ON P7K 0B1