Island Pond Property
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Benton Updates on Noble Minerals Acquisition Agreement
Benton Resources filed with the TSX Venture Exchange to acquire 100% of Noble Mineral Exploration’s Island Pond Property (175 hectares), contiguous to Benton’s South Pond Gold Zone. The deal includes $30,000 cash and 1,000,000 Benton shares, subject to a four-month hold after approval. The property is subject to a 2% NSR (buyback available to Benton for $1.5M) and a 1% NSR granted to Noble with right of first refusal. No finder’s fees were paid in the arm’s length transaction.