Banyan Gold Announces $46.5 Million Private Placement

Banyan Gold Corp. has announced a private placement to raise up to $46.5 million. This offering includes 15.5 million flow-through shares priced at $1.918 each, potentially generating $29.7 million, and 12 million common shares at $1.40 each, garnering another $16.8 million. The closing date is expected around May 6, 2026, pending agreements and exchange approvals.

The funds raised will advance Banyan's AurMac Project in Yukon and expand the 2026 drilling program. The flow-through shares will support Canadian exploration expenses, with expenditures renounced to subscribers by December 2026. The shares are subject to a hold period under Canadian law. Notably, no finder’s fees will be paid for this offering.