Benjamin Hill Mining Corp. (CNSX:BNN) entered into a non-binding letter of intent to acquire additional 20% stake in Aion Mining Corp. for CAD 1.9 million on January 31, 2024.

Benjamin Hill Mining Corp. entered into agreement to acquire additional 20% stake in Aion Mining Corp. on April 16, 2024.

Benjamin Hill will pay CAD 1.875 million as a consideration. CAD 0.5 million will be paid in cash on closing and CAD 1.375 million in common shares. The terms of the LOI were reviewed and approved by a committee of the Benjamin Hill's independent directors.

Completion of the transaction is subject to customary conditions and any other conditions agreed to by the parties in a definitive share purchase agreement including: receipt of all necessary approvals and consents on terms satisfactory to the parties, and completion of a due diligence investigation into Aion by the Company and its representatives. As of April 9, 2024, consideration was changed. Under the revised terms, CAD 1 million will be paid in cash on closing and 1,508,621 common shares.