- Banyan Gold Corp. (BYN) has announced a non-brokered private placement for gross proceeds of up to $16.5 million
- The company will issue up to 16.2 million charity flow-through shares, 4.9 million flow-through shares, and 7.8 million common shares
- Proceeds will be used for advancing exploration work and general corporate purposes
- Banyan is expecting certain company insiders of to participate
- The private placement is expected to close within the next month
- Banyan Gold Corp. (BYN) opened trading at C$0.465
Banyan Gold Corp. (BYN) has closed its previously announced, upsized private placement for proceeds of $17M.
The offering consisted of 6,210,500 charity flow-through shares priced at $0.63 per share, 5,334,000 flow-through shares priced at $0.55 per share and 8,662,321 common shares priced at $0.45 per share.
The company will use the net proceeds raised in from this deal to advance its exploration projects and for general corporate purposes.
Banyan Gold Corp is a Canada-based mining company engaged in the exploration and development of mineral properties. The company holds an interest in Hyland Gold Project, located in southeast Yukon and the Aurex-McQuesten Gold Project, located in the Mayo Mining district.
Banyan Gold Corp. (BYN) opened trading at C$0.465.
