Banyan Gold closes private placement raising gross proceeds of $54.31 million

Bitget2026/09/29 12:58

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Banyan Gold closed a $46.31 million brokered private placement of 23,156,500 common shares priced at $2.00 each.
A concurrent non-brokered private placement issued 4,000,000 shares at $2.00 each, raising $8 million.
Total gross proceeds reached $54.31 million, earmarked for advancing Yukon projects and for general corporate purposes.
Shares sold in the brokered financing carry no Canadian hold period; concurrent-placement shares are restricted until Jan. 30, 2027.
Insiders bought 250,000 shares in the concurrent placement, classified as a related-party transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banyan Gold Corp. published the original content used to generate this news brief on September 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Banyan Gold closes private placement raising gross proceeds of $54.31 million

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