Business
Benton Capital provides shareholder update on unsolicited offer from Gold Royalties
TSX-V:  BTC THUNDER BAY, ON, March 27, 2013 /CNW/ - Benton Capital Corp. (TSXV: ...
About this update from Silver Valley Metals Corp
[{"type":"text","content":"\n\n\n\n\n\nTSX-V:  BTC\n\n\nTHUNDER BAY, ON, March 27, 2013 /CNW/ - Benton Capital Corp. (TSXV: BTC) (\"Benton\") would like to update its shareholders on the\n recently announced unsolicited offer by Gold Royalties Corporation\n (TSXV: GRO) (\"Gold Royalties\") to acquire 100% of the outstanding\n shares of Benton for an all-share consideration of 0.133 shares of Gold\n Royalties for each share of Benton Capital Corp.\n\n\nBenton's Board of Directors (the \"Board\") has yet to receive a formal\n written offer from Gold Royalties and therefore may only comment on the\n contents of the Gold Royalties press release dated March 21, 2013. \n Benton's Board has unanimously rejected the intended offer and\n recommends that Benton shareholders take no action.  Further, the Board\n views this intended offer as opportunistic in difficult markets and is\n nothing more than an attempt by Gold Royalties to finance their company\n by taking control of Benton's $1.1 million in cash and to liquidate in\n some fashion, as indicated in their press release, Benton's approximate\n 42% interest in Coro Mining Corp. (\"Coro\") for cash for the purposes of\n funding operations and purchasing royalty interests. Benton has and\n will continue to be a loyal shareholder of Coro and continues to feel\n that its shareholders will benefit from Benton's continued ownership of\n Coro as the Coro team continues to realize its strategy of becoming a\n developer of its Chilean and Argentinean assets.\n\n\nBenton would also like to assure shareholders that it has and will\n continue to take all measures necessary to ensure their interests are\n protected and will provide further updates as warranted.\n\n\nAbout Benton Capital Corp.:\n\n\nBenton Capital Corp. is a Canadian based junior which holds the\n Goodchild Copper-Nickel-PGM project located 5km NE of Stillwater\n Mining's Marathon Copper-PGM deposit currently being permitted for\n production. Benton Capital Corp. also holds approximately 57.87 million\n shares (approximately 41.84%) of Coro Mining Corp. (TSX: COP) - a Vancouver based copper exploration company with projects\n located in South America.\n\n\nOn behalf of the Board of Directors of Benton Capital Corp.,\n\n\n\"Stephen Stares\"\nStephen Stares, President\n\n\nTHE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT\n RESPONSI...