Banyan Gold closes private placement raising gross proceeds of $54.31 million
Bitget2026/09/29 12:58- 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.
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