Banyan Gold Corp. (TSXV: BYN | OTCQB: BYAGF) has closed its previously announced $46.5M private placement, providing full funding to accelerate exploration and de‑risking work at the AurMac Gold Project in Yukon.
The financing comprised:
- 15.5M flow‑through shares at $1.918, raising $29.7M
- 12.0M common shares at $1.40, raising $16.8M
All securities are subject to a statutory hold period expiring 7 September 2026, with final approval from the TSX Venture Exchange pending.
Proceeds from the flow‑through component will be allocated to eligible Canadian exploration expenditures on Banyan’s Yukon projects, with all qualifying costs to be renounced to investors by the end of 2026. The financing positions Banyan to materially expand its drilling program at AurMac.
Tara Christie, president and CEO of Banyan Gold, commented, “With this financing closed, Banyan is positioned to complete 70,000 metres of drilling and continue de‑risking the AurMac Project. The company is now well funded through 2027, supporting resource expansion and a clear path toward our first economic study.”
Banyan noted that the financing underpins its strategy to advance AurMac as one of Canada’s largest undeveloped gold projects, with continued exploration momentum expected throughout 2026.
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