Benz Mining receives commitments to raise ~C$11.9 million via fully paid ordinary CDIs

Benz Mining Corp. (ASX: BNZ) announced that it has received firm commitments to raise ~C$11.9 million via a strongly supported offer of fully paid ordinary Chess Depositary Interest (CDIs) to institutional, professional and sophisticated investors.

The capital raised will be used to fast-track critical mineral and gold exploration on emerging greenstone belt.

The Offer is conducted at an average price of ~C$0.73. This amount is a 65% premium to Benz’s last traded share price on 01 September 2022.

The Company highlighted that exploration will commence instantly and will target metal mineralization. Further, BNZ highlighted that New Mineral Resource for Eastmain Gold Project would be delivered in Q4 2022   post  2021 drill campaig

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