Benz Announces Debt Conversion and Stock Option Grant

Benz Mining Corp. Announces Debt Conversion and Granting of Stock Options

Vancouver, British Columbia (NEX board of the TSX-V: BZ.H). Benz
Mining Corp. (“Benz” or the “Company”) announces that, subject to the acceptance of the NEX board of the TSX Venture Exchange, it proposes to settle outstanding indebtedness in the amount of $257,000.00 (the “Debt”) by the issuance of 1,352,632 common shares having a deemed price of $0.19 per share. The Debt includes amounts due to certain creditors, a promissory note payable to Avaron Mining Corp. and past management, accounting, geological, and engineering services rendered and accrued to senior officers of the Company.

read more…