Banyan Gold Secures $31.4 Million from Strategic Placement

Banyan Gold Corp., operating in Vancouver, has concluded a non-brokered private placement, raising approximately $31.4 million. This placement saw the issuance of 23.7 million flow-through shares at $0.97 each, amassing $22.989 million, and 12 million common shares at $0.70 each, totaling $8.4 million. These funds will aid exploration expenses in Yukon's AurMac project and cover general administrative costs.

Significantly supported by Peruvian investor Alpayana S.A.C., the transaction awaits final approval from the TSX Venture Exchange. Tara Christie, CEO of Banyan, expressed optimism about this collaboration, especially for the advancement of the AurMac project, which boasts significant gold resources.