Benz Mining Corp. Announces Non-Brokered Private Placement & Palisade Global Investments Ltd. as Lead Order
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 23, 2017) - Benz Mining Corp. (TSX VENTURE:BZ) (the "Company" or "Benz") is pleased to announce a non-brokered private placement of 8,333,333 units (each, a "Unit") at a price of $0.30 per Unit, for gross proceeds of up to $2,500,000 (the "Private Placement"). Each Unit consisting of one common share in the capital of the Company (each a "Share") and one whole common share purchase warrant (each a "Warrant"). Each Warrant will entitle the holder to purchase one Share (a "Warrant Share") at a price of $0.50 per Warrant Share for a period of 36 months following closing.