Benz Capital Corp.
TSX VENTURE : BZ

November 25, 2014 18:59 ET

Benz Completes Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 25, 2014) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

Benz Capital Corp. (the "Corporation" or "Benz") (TSX VENTURE:BZ) is pleased to announce that it has closed its previously announced private placement for gross proceeds of $150,000 (the "Private Placement").

The Private Placement was comprised of units at $0.50 per unit (each, a "Unit").

A total of 300,000 Units were issued pursuant to the Private Placement. Each Unit consists of one common share (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant") which is exercisable to acquire one additional Common Share at a price of $0.55 until November 25, 2019.

Subject to the final approval of the TSX Venture Exchange (the "Exchange"); the proceeds of the Private Placement will be used for funding the closing of the Corporation's option agreement with Tusk Exploration Ltd. dated May 5, 2014 as subsequently amended (the "Option Agreement") and the payment obligations, as well as for general corporate purposes.

No finder's fees will be payable in connection with this private placement.

For more information on Benz, please refer to the Company's website at www.benzcapital.com.

BENZ CAPITAL CORP.

Miloje Vicentijevic, President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Benz Capital Corp.
    Investor Relations
    Telephone: 604.689.9266
    Facsimile: 604.689.9232
    www.benzcapital.com