On September 29, 2026, Banyan Gold Corp. completed a brokered private placement of an aggregate of 23,156,500 common shares of the company at a price of $2.00 per share, for gross proceeds of approximately $46 million.
The offering was conducted pursuant to an agency agreement dated September 29, 2026, between the Company and Canaccord Genuity Corp., as lead agent and sole bookrunner, together with a syndicate of agents including Scotia Capital Inc., BMO Nesbitt Burns Inc., ATB Capital Markets Corp., Desjardins Securities Inc., Paradigm Capital Inc., CIBC World Markets Inc. and National Bank Financial Inc.
Cassels acted for the agents.