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Share Name Share Symbol Market Type
TSXV:BTC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Benton Receives Final Order and Approval for Plan of Arrangement

22/07/2014 9:30pm

Marketwired Canada


Benton Capital Corp. (TSX VENTURE:BTC) ("Benton" or the "Company") has received
TSX-Venture Exchange approval of the previously announced Plan of Arrangement
(the "Arrangement") and arrangement agreement pursuant to Division 5 of part 9 -
Arrangements of the Business Corporations Act (British Columbia). The
Arrangement is to facilitate the distribution of the Coro Mining Corp. shares
(the "Coro Shares") to the Benton Shareholders as part of the reorganizing of
the Company's business. The Company received the final order approving the
Arrangement from the Court on July 11, 2014 and has set July 11, 2014 as the
record date (the "Record Date") for the Arrangement. The date for distribution
to Benton shareholders (the "Distribution Date") will be Thursday July 24, 2014.


Each Benton Shareholder of record as at the Record Date will receive one new
common share in the capital of the Company (the "New Share") and its pro-rata
share of the Coro Shares, which, as at the date hereof, would be approximately
0.8 Coro Shares for each Benton common share held (the "Benton Shares"). The New
Shares will be identical in every material respect to the Benton Shares.


About Benton Capital Corp.:

The Company currently has approximately $1.5 million in cash. In addition to the
cash, the Company holds 61,000,000 shares (approximately 38%) of Coro Mining
Corp. ("Coro"). The Company also holds 1,566,623 warrants of Coro exercisable at
$0.15 until December 20, 2016. In addition, Benton holds no debt and has a very
low burn rate.


On behalf of the Board of Directors of Benton Capital Corp.,

Stephen Stares, President and CEO

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.


The information contained herein contains "forward-looking statements" within
the meaning of applicable securities legislation. Forward-looking statements
relate to information that is based on assumptions of management, forecasts of
future results, and estimates of amounts not yet determinable. Any statements
that express predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance are not statements of historical
fact and may be "forward-looking statements".


Forward-looking statements are subject to a variety of risks and uncertainties
which could cause actual events or results to differ from those reflected in the
forward-looking statements, including, without limitation: risks related to
failure to obtain adequate financing on a timely basis and on acceptable terms;
risks related to the outcome of legal proceedings; political and regulatory
risks associated with mining and exploration; risks related to the maintenance
of stock exchange listings; risks related to environmental regulation and
liability; the potential for delays in exploration or development activities or
the completion of feasibility studies; the uncertainty of profitability; risks
and uncertainties relating to the interpretation of drill results, the geology,
grade and continuity of mineral deposits; risks related to the inherent
uncertainty of production and cost estimates and the potential for unexpected
costs and expenses; results of prefeasibility and feasibility studies, and the
possibility that future exploration, development or mining results will not be
consistent with the Company's expectations; risks related to gold price and
other commodity price fluctuations; and other risks and uncertainties related to
the Company's prospects, properties and business detailed elsewhere in the
Company's disclosure record. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those described in forward-looking statements.
Investors are cautioned against attributing undue certainty to forward-looking
statements. These forward-looking statements are made as of the date hereof and
the Company does not assume any obligation to update or revise them to reflect
new events or circumstances. Actual events or results could differ materially
from the Company's expectations or projections.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Stephen Stares
3250 Highway 130,
Rosslyn, ON P7K 0B1
Phone (807)475-7474
Fax (807)475-7200
www.bentoncapital.ca

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