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An announcement from Benton Resources ( (TSE:BEX) ) is now available.
Benton Resources Inc. has rescheduled its annual and special shareholder meeting due to a postal strike, and has filed amended materials for the meeting set for March 21, 2025. Shareholders will vote on a special resolution to reorganize share capital to enable a spin-out of 2 million shares of Vinland Lithium Inc., which holds the promising Killick Lithium Project. This move could significantly impact Benton’s market position, as it will distribute a substantial portion of its Vinland shares to its shareholders, potentially enhancing shareholder value. Additionally, the TSX Venture Exchange has conditionally agreed to list Vinland’s shares, which could increase liquidity and visibility for the company.
More about Benton Resources
Benton Resources Inc. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is involved in the lithium sector and has a stake in the Killick Lithium Project through its ownership in Vinland Lithium Inc.
YTD Price Performance: 12.50%
Average Trading Volume: 231,737
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$18.5M
Find detailed analytics on BEX stock on TipRanks’ Stock Analysis page.
