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Benchmark doubles unit offering

20th August 2020

By: Creamer Media Reporter

     

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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.

 

Edited by Creamer Media Reporter

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