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Benton announces approval for normal course issuer bid
VANCOUVER, Sept. 15 /CNW/ - Benton Resources Corp. ("Benton" or the "Company") announces that it ...
About this update from Silver Valley Metals Corp
[{"type":"text","content":"\n\n\n\nVANCOUVER, Sept. 15 /CNW/ - Benton Resources Corp. ("Benton" or the\n"Company") announces that it has obtained regulatory approval to conduct its\nnormal course issuer bid (the "Bid") announced on August 25, 2008 to purchase,\nthrough the facilities of the TSX Venture Exchange (the "Exchange") up to\n3,000,000 common shares. The actual number of shares that may be purchased and\nthe timing of any such purchases will be determined by Benton and purchases\npursuant to the Bid will be conducted through RBC Dominion Securities Inc.\n\n\nThe Board of Benton believes that recent market prices of the Company's\nshares do not properly reflect the underlying value of the Company. With the\nCompany's exploration results to date, the various joint ventures that the\nCompany has entered into and a treasury of approximately $19 million the Board\nbelieves that the Bid is in the best interest of the shareholders. The Bid\nwill provide some liquidity for those shareholders who wish to dispose of\ntheir shares and enhance the potential future value of the shares which remain\noutstanding.\n\n\nOn behalf of the Board of Directors of Benton Resources Corp.\n\n\n"Stephen Stares"\nStephen Stares, President\n\nTHE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT\nRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.\n\n\nForward-looking statements in this release are made pursuant to the safe\nharbor provisions of the Private Securities Litigation Reform act of 1995.\nInvestors are cautioned that such forward-looking statements involve risks and\nuncertainties.\n\n\n","length":1717,"tagName":"div"}]