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UPDATE: Gold Royalties Corporation Intends to Acquire Benton Capital Corp; Benton Non-Committal about "Unsolicited" Offer

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Gold Royalties Corporation (GRO.V) announced today that it intends to make an offer to acquire 100% of the outstanding shares of Benton Capital Corp. (BTC.V) for all-share consideration on the basis of 0.133 shares of Gold Royalties per outstanding BTC share. The Exchange Amount equates to a market-equivalent of $0.10 per issued BTC share in GRO equity, a 100% premium to the closing price of BTC as at March 20, 2013.

Benton said it is reviewing the unsolicited offer.

BTC is at 5 cents, just above a yr low.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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