Benton Announces the Appointment of New Directors
Thunder Bay, July 6, 2020 - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has added two new directors, Mr. Thomas Sarvas and Mr. Timothy Froude, to its board of directors effective immediately.
Mr. Thomas Sarvas, CPA, CA is a Partner and a member of MNP's Assurance Services team. Working out of the Thunder Bay office, Tom delivers assurance, tax services and business advice to a broad range of owner-managed businesses, professionals, First Nation-owned enterprises, First Nations, Tribal Councils and not-for profit organizations. Drawing on 30 years of experience, Tom advises clients on financial statement reporting, tax planning and compliance, corporate reorganizations, succession planning and personal and corporate tax filing. His clients include First Nations, government-funded social service agencies, non-profit housing corporations, condominium corporations, health and legal professionals and automotive dealerships. He also has a wealth of experience advising exploration-stage resource companies and geologists on quarterly and year-end financial reporting and general business matters.
Tom was designated a Chartered Accountant (CA) in 1984 after receiving a Bachelor of Administration (Accounting) from Lakehead University. He has served as Chair and Treasurer of the Board for Avenue II, a non-profit organization supporting adults with developmental disabilities, and as Chair of the Finance and Audit committees for the Northwestern Ontario Local Health Integration Network. Since 1996, he has been a Director on the Board of the George Jeffrey Children's Treatment Centre, where he currently serves as Treasurer.
Mr. Timothy Froude, P. Geo., is a graduate of Memorial University of Newfoundland and has been active in the mineral exploration business for over 30 years. Over that time, he has worked with a number of highly regarded firms including Inco Ltd. where he spent nearly 10 years working on projects in North America and overseas and was part of the team that discovered the Bobby's Pond massive sulphide deposit in Central Newfoundland. Tim is also directly responsible for the discovery of the Valentine Lake gold deposit in Central Newfoundland, currently under advanced stage exploration by Marathon Gold. Over the course of his career, Tim has worked for a number of successful junior companies including Altius Minerals Corporation, Cornerstone Resources, Crosshair Exploration & Mining Corporation and Golden Dory Resources, the latter three companies as VP of Exploration. He also spent 1 year serving as Executive Director of the Newfoundland and Labrador Chamber of Mineral Resources, now Mining NL. Tim now serves as President and CEO of Sokoman Minerals Corp.
Stephen Stares, President and CEO of the Company stated, "We are extremely pleased that both Tom and Tim have agreed to join our Board of Directors. Both are very dynamic individuals that bring a wealth of experience and integrity from their respective fields and will be great assets to the Company as we move forward."
On behalf of the Board of Directors of Benton Resources Inc.,
Stephen Stares, President
About Benton Resources Inc.
Benton Resources is a well-funded Canadian-based project generator with a diversified property portfolio in Gold, Silver, Nickel, Copper, and Platinum group elements. Benton holds multiple high-grade projects available for option which can be viewed on the Company's website. Many projects have an up-to-date 43-101 Report available.
For further information, please contact:
Stephen Stares, President & CEO
CHF Capital Markets
Cathy Hume, CEO
Phone: 416-868-1079 x231
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59207