Banyan Gold Corp.: A New Infusion of Capital through a Successful Private Placement
Vancouver, BC, March 14, 2025 – Banyan Gold Corp. (TSX-V: BYN, OTCQB: BYAGF) (the “Company”) is thrilled to share some exciting news with its shareholders and the investment community. The Company has recently announced the successful closing of a non-brokered private placement, raising a substantial amount of capital to fuel its ongoing exploration and development projects.
Breaking Down the Private Placement
The private placement consisted of three tranches:
- 32,000,000 common shares (the “Premium FT Shares”) at a price of $0.336 per share, qualifying as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada), raising gross proceeds of $10,752,000.
- 7,838,000 common shares (the “FT Shares”) qualifying as “flow-through shares” (within the meaning of subsection 66(15) of the Tax Act), at a price of $0.285 per share, raising gross proceeds of $2,233,830.
- 6,298,000 common shares (the “HD Shares”) at a price of $0.24 per share, raising gross proceeds of $1,511,520.
The total gross proceeds raised in this offering amounted to $14,497,350.
No Finders Fee or Commissions
It’s important to note that there were no finders’ fees or commissions issued for this offering.
What Does This Mean for Banyan Gold Corp.?
With this new injection of capital, Banyan Gold Corp. is well-positioned to advance its exploration and development projects. The Company can now focus on expanding its resource base, advancing its projects towards production, and continuing its commitment to creating value for its shareholders.
The Ripple Effect: How This Affects You
As a shareholder, this private placement represents a strong vote of confidence from investors in the Company’s potential. With the new capital, Banyan Gold Corp. can continue its exploration efforts and potentially discover new mineral resources, which could lead to increased share value. Furthermore, the Company’s commitment to advancing its projects towards production could result in potential job creation and economic growth in the communities where its projects are located.
A Global Impact: How This Affects the World
Banyan Gold Corp.’s success in raising capital through this private placement is a positive sign for the mining industry as a whole. It demonstrates investors’ ongoing interest in exploration and development projects, which can lead to the discovery of new mineral resources and the creation of jobs and economic opportunities in various communities around the world.
Conclusion
Banyan Gold Corp.’s successful private placement is a significant milestone for the Company and a positive sign for the mining industry. With the new capital, Banyan Gold Corp. is well-positioned to continue its exploration and development efforts, creating potential value for its shareholders and contributing to the global mining industry. As investors, we look forward to witnessing the Company’s progress and achievements in the coming months and years.
About Banyan Gold Corp.
Banyan Gold Corp. is a mineral exploration and development company whose flagship property, the Aurex-McQuesten Gold Project, is located in the heart of the Yukon Territory, Canada. The Company’s mission is to unlock the potential of its projects and create value for its shareholders. For more information, please visit the Company’s website at www.banyangoldcorp.com.
