On June 20, 2024, Banyan Gold Corp. completed a brokered private placement of (i) 23,150,000 common shares that qualify as “flow-through shares” pursuant to the Listed Issuer Financing Exemption (“LIFE FT Shares”) at a price of $0.38 per LIFE FT Share; (ii) 14,720,000 common shares that qualify as “flow-through shares” (“FT Shares”) at a price of $0.34 per FT Share; and (iii) 739,000 common shares (“HD Shares”) at a price of $0.27 per HD Share, for aggregate gross proceeds of approximately $14 million.
The offering was completed through a syndicate of agents led by Cormark Securities Inc., and included Paradigm Capital Inc. and BMO Capital Markets.
Cassels acted for the agents.