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 appropriate deliberation.
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"
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.