Benjamin Hill Mining Corp. announced a non-brokered private placement for issuance of 2,400,000 flow-through units at a price of CAD 0.25 per flow-through unit for gross proceeds of CAD 600,000, 1,000,000 non-flow-through units at a price of CAD 0.25 per non-flow-through unit for gross proceeds of CAD 250,000; for aggregate gross proceeds of CAD 850,000 on October 24, 2023. Each flow-through unit consist of one flow-through common share and one transferable non-flow-through share purchase warrant.

Each non-flow-through warrant will enable the holder to acquire an additional non-flow-through common share at a price of CAD 0.28 per share for a period of three years from the date of issuance. Each non-flow-through unit consist of one common share and one transferable warrant which will enable the holder to purchase one warrant share at a price of CAD 0.28 per share for a period of three years from the date of issuance. All flow-through shares, shares, and warrants, as well as warrant shares underlying the warrants, will be subject to a statutory hold period of four months and one day from the date of issuance.