Banyan Gold Corp. (TSXV:BYN, OTCQB:BYAGF) has closed a C$31.4M non-brokered private placement, marking a significant strategic investment from Alpayana S.A.C., a Peruvian mining group backed by the Gubbins family.
The financing includes:
- 23.7M flow-through shares at C$0.97, raising C$22.99M to fund eligible exploration expenditures in the Yukon
- 12M hard dollar shares at C$0.70, raising C$8.4M for general corporate purposes
Proceeds from the flow-through shares will be directed toward advancing Banyan’s AurMac Gold Project, with expenditures to be renounced to investors by year-end. All shares are subject to a hold period until 16 February 2026, and the transaction remains subject to final TSX Venture Exchange approval.
Tara Christie, President and Chief Executive Officer of Banyan Gold commented, “Banyan welcomes the support of Alpayana, along with the Gubbins family, with this timely investment to accelerate advancing our AurMac project.”
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