Benchmark doubles unit offering
Mineral exploration company Benchmark Metals has announced that its “best efforts” brokered private placement offering with Sprott Capital Partners has been doubled.
On August 18 Benchmark announced a $21-million unit offering to fund its gold/silver resource drilling programme. A day later, the offering was increased to $48-million.
Benchmark’s flagship project is located in a road-accessible area of the Golden Horseshoe in north-central British Columbia. The financing will enable the company to advance the project by funding an expansion of the 2020 drilling programme up to 70 000 m, planning for a drill programme in 2021 of up to 100 000 m and detailed development and engineering work to enable a future mining decision.
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