THUNDER BAY,
ON, May 3, 2013 /CNW/ -
Benton Capital Corp. (TSXV: BTC) ("Benton") 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 is scheduled for July
3, 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 Capital Corp.:
Benton Capital Corp. is a Canadian based junior
which holds the Goodchild Copper-Nickel-PGM project located 5km NE
of Stillwater Mining's Marathon
Copper-PGM deposit currently being permitted for production. Benton
Capital Corp. also holds approximately 57.87 million shares
(approximately 41.84%) of Coro Mining Corp. (TSX: COP) - a
Vancouver based copper exploration
company with projects located in South
America.
On behalf of the Board of Directors of Benton
Capital Corp.,
"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 Capital Corp.