Banyan Gold Corp : Banyan Gold Announces Closing $11 9 M First Tranche of Financing
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Banyan Gold Corp : Banyan Gold Announces Fully Subscribed Non-Brokered Private Placement of up to $16 Million
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Banyan Announces Closing $2 5 M Financing
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Banyan Gold Corp.: Banyan Announces Closing $2.5 M Financing
Banyan Gold Corp. (the
Banyan ) (
TSXV:BYN) is pleased to announce, subject to approval by TSX-V, that it is closing the private placement (the
Private Placement ) announced on December 21, 2020.
The Company intends to use the net proceeds from the Private Placement to expand its exploration activities in 2021 on its Yukon based properties.
The financing includes 5,357,143 Flow Through Shares at $0.28 and 3,076,924 Charity Flow Through Shares priced at $0.325 for gross proceeds of $2,500,000. With a strong treasury and a project located adjacent to mines of our two largest shareholders, Victoria Gold and Alexco Resources, we are now well positioned to strategically advance this project to the next level in 2021 with an increase in planned exploration activities. stated Tara Christie, President and CEO.