Banyan Gold Corp.: Banyan Gold 2020 Year End Review
Banyan Gold Corp. (the
(
TSXV:BYN) a growth-focused gold exploration company, provides a summary of the Company s key 2020 accomplishments advancing the Company and the Company s AurMac and Nitra Properties near Mayo, Yukon.
2020 AurMac Project Highlights:
903
,945 ounces of gold contained in two near/on-surface, road accessible deposits: The Airstrip and Powerline deposits. (Table 1 below) in May 2020;
Executed Successful Exploration programs June - December:
Completed 10,632 metres ( m ) of diamond drilling in 57 holes focused on at the Airstrip, Powerline and Aurex Hill Zones - AurMac Property;
Collected 4,289 soil samples with coverage of over 12 km
2 on the Nitra property - multiple strong NNW mineralized trends identified;
Banyan Announces Closing $2 5 M Financing torontotelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from torontotelegraph.com Daily Mail and Mail on Sunday newspapers.
Banyan Gold Corp.: Banyan Announces Closing $2.5 M Financing
Banyan Gold Corp. (the
Banyan ) (
TSXV:BYN) is pleased to announce, subject to approval by TSX-V, that it is closing the private placement (the
Private Placement ) announced on December 21, 2020.
The Company intends to use the net proceeds from the Private Placement to expand its exploration activities in 2021 on its Yukon based properties.
The financing includes 5,357,143 Flow Through Shares at $0.28 and 3,076,924 Charity Flow Through Shares priced at $0.325 for gross proceeds of $2,500,000. With a strong treasury and a project located adjacent to mines of our two largest shareholders, Victoria Gold and Alexco Resources, we are now well positioned to strategically advance this project to the next level in 2021 with an increase in planned exploration activities. stated Tara Christie, President and CEO.
Banyan Announces Closing $1 5 M First Tranche of Financing torontotelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from torontotelegraph.com Daily Mail and Mail on Sunday newspapers.
Banyan Gold Corp.: Banyan Announces Closing $1.5 M First Tranche of Financing
Company or
Banyan ) (
TSXV:BYN) is pleased to announce, subject to approval by TSX-V, that it is closing the first tranche of $1,500,000 of a total $2,500,000 Private Placement.
The Company intends to use the net proceeds from the Private Placement to expand its exploration activities in 2021 on its Yukon based properties.
The first tranche includes 5,357,143 Flow Through Shares at $0.28. A second tranche consisting of approximately 3,076,924 Charity Flow Through Shares priced at $0.325 for gross proceeds of $1,000,000 is expected to close on or around December 29, 2020. With a strong treasury and a project located adjacent to mines of our two largest shareholders, Victoria Gold and Alexco Resources, we are now well positioned to strategically advance this project to the next level in 2021 with an increase in planned exploration activities. stated Tara Christie, President and CEO.