Benz Capital Corp. Announces Closing of Initial Public Offering

September 18, 2012 3:11 PM EDT | Source: Benz Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - September 18, 2012) - Benz Capital Corp. (TSXV: BZ.P) (the "Corporation" or "Benz") is pleased to announce that it has successfully completed its initial public offering (the "Offering") of 2,500,000 common shares of the Corporation (the "Common Shares") at a price of $0.10 per Common Share for gross proceeds of $250,000 with Leede Financial Markets Inc. ("Leede"), as agent.

In connection with the Offering, the Corporation granted a non-transferrable option to Leede to acquire an aggregate of 250,000 Common Shares (the "Agent's Option") at an exercise price of $0.10 per Common Share. The Agent's Option will expire 24 months from the date the Common Shares are listed on the TSX Venture Exchange (the "Exchange"). Leede also received a cash commission equal to 10% of the gross proceeds of the Offering.

The Corporation has also granted options to acquire an aggregate of 550,000 Common Shares at an exercise price of $0.10 per option to the directors and officers of the Corporation. Such options expire five years from the date of grant.

The Corporation's Common Shares are expected to commence trading on the Exchange at the opening of market on September 20, 2012 under the symbol "BZ.P".

An aggregate of 5,500,000 Common Shares are issued and outstanding following completion of the Offering.

The Corporation's management is comprised of Miloje Vicentijevic (CEO, President, Secretary & Director), Carlos Escribano (CFO & Director), Gordon Bub (Director) and Kevin Drover (Director).

About the Corporation

The Corporation is designated as a Capital Pool Company by the Exchange. The Corporation has not commenced commercial operations and has no assets other than cash. The only business of the Corporation is the identification and evaluation of assets or businesses with a view to completing a "Qualifying Transaction" in accordance with Exchange Policy 2.4 - Capital Pool Companies. The funds raised under the Offering will be used to pursue such Qualifying Transaction. For further information regarding the Corporation, the Offering and the Corporation's management team, please see the Corporation's final prospectus dated June 19, 2012, available on the Corporation's SEDAR profile at www.sedar.com.

For further information, please contact Miloje Vicentijevic, President and Chief Executive Officer at:

Suite 900, 570 Granville Street
Vancouver, BC V6C 3P1
Telephone: 604.682.3701 #242
Facsimile: 604.682.3600

This news release contains statements about the Corporation's expectations regarding the the commencement of trading on the Exchange that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as final listing approval from the Exchange. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include failure to fulfill conditions of listings and inability to obtain required regulatory approvals. The forward-looking statements contained in this news release are made as of the date hereof, and the Corporation undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute and the subject matter hereof is not, an offer for sale or a solicitation of an offer to buy, in the United States or to any "U.S Person" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "1933 Act")) of any equity or other securities of Benz Capital Corp. The securities of Benz Capital Corp. have not been registered under the 1933 Act and may not be offered or sold in the United States (or to a U.S. Person) absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

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