Announcement • 8h
Banyan Gold Corp. announced that it has received CAD 46.529 million in funding On May 6, 2026, Banyan Gold Corp. closed the transaction. The company issued (i) 15,500,000 common shares (the "FT Shares"), which qualify as "flow-through shares" at a price of CAD 1.918 per FT Share, for gross proceeds of CAD 29,729,000 and (ii) 12,000,000 common shares at a price of CAD 1.40 per share, for gross proceeds of CAD 16,800,000. The company raised total aggregate gross proceeds of CAD 46,529,000. The FT Shares and Common Shares were issued pursuant to applicable private placement exemptions and are subject to a hold period under Canadian securities laws expiring September 7, 2026. The Offering remains subject to the final approval of the TSX Venture Exchange (the "TSXV"). Price Target Changed • Apr 22
Price target increased by 16% to CA$3.00 Up from CA$2.58, the current price target is an average from 2 analysts. New target price is 97% above last closing price of CA$1.52. Stock is up 474% over the past year. The company posted a net loss per share of CA$0.0043 last year. Announcement • Apr 21
Banyan Gold Corp. announced that it expects to receive CAD 46.529 million in funding Banyan Gold Corp. announces a private placement to issue 15,500,000 Flow Through common shares at a price of CAD 1.918 per share for proceeds of CAD 29,729,000 and 12,000,000 common shares at a price of CAD 1.40 per share for proceeds of CAD 16,800,000 for aggregate proceeds of CAD 46,529,000 on April 20, 2026. The financing will close on or about May 6, 2026. TSX Venture Exchange approval and is expected to be completed with existing shareholders. Common Shares will be issued pursuant to applicable private placement exemptions and will be subject to a statutory hold period of four months and one day in accordance with applicable Canadian securities laws. There will be no finders’ fees paid in connection with the Offering. 
