Banyan Announces Closing $31.4 Million Private Placement with Strategic Investor

Core Viewpoint - Banyan Gold Corp. has successfully closed a non-brokered private placement, raising a total of $31,389,000 through the issuance of common shares [1] Summary by Category Private Placement Details - The company issued 23,700,000 common shares classified as "flow-through shares" at a price of $0.97 per share, generating gross proceeds of $22,989,000 [1] - Additionally, 12,000,000 common shares were issued at a price of $0.70 per share, resulting in gross proceeds of $8,400,000 [1] - The total gross proceeds from the offering amounted to $31,389,000 [1] Regulatory Compliance - The shares were issued under applicable private placement exemptions and are subject to a hold period under Canadian securities laws, which will expire on February 16, 2026 [1]