viewBenchmark Metals Inc.

Benchmark Metals boosts private placement to more than $48M as it sees 'tremendous' support from investors

Benchmark Metals Inc (CVE:BNCH) CEO Jim Greig tells Proactive the group has seen tremendous support from both institutional and retail investors, revising its private placement financing to $48,050,001 from the initial target of raising $21,000,001.

Greig says the cash infusion will be used towards expanding its 2020 drill program from 50,000 to 70,000 meters, providing a more robust mineral resource estimate within around 5 months time. Greig adds the capital will also be used towards a 100,000 meters drill program in 2021.

Quick facts: Benchmark Metals Inc.

Price: 1.04 CAD

Market: TSX-V
Market Cap: $160.33 m

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Benchmark Metals drill results have the potential to impact new mineral...

Benchmark Metals (CVE: BNCH- OTCQB: BNCHF) President Jim Greig joined Steve Darling from Proactive to bring news the company has announced new drill results from the Cliff Creek Zone on their Lawyers project. Greig talks about that zone and the very positive results. He also told Proactive...

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