Benjamin Hill Mining Corp. Announces Private Placement of Units

Article content

VANCOUVER, British Columbia, March 04, 2024 (GLOBE NEWSWIRE) — Benjamin Hill Mining Corp. (CSE: BNN; OTCQB: BNNHF; FFSE: 5YZ0) (“BNN” or the “Company“) is pleased to announce that it has entered into an engagement letter agreement with Eight Capital (the “Agent”) pursuant to which the Agent will act as the agent for the Company on a “best efforts” agency basis in connection with a private placement of up to 7,812,500 units (the “Units”) of the Company at a price of $0.64 per Unit (the “Offering Price”) for a gross proceeds to the Company of up to $5,000,000 (the “Offering”). The Offering has been structured such that 6,250,000 Units (the “LIFE Units”) will be offered pursuant to the “listed issuer financing” prospectus exemption whereby these securities will not subject to any hold period and up to 1,256,500 Units (the “Accredited Investor Units”) which will be 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.