{"success":true,"data":{"pressRelease":{"id":"155530","rtpr_id":"nACSN4mw9a-20260929","ticker":"BYN","exchange":"","all_tickers":["BYN"],"title":"Banyan Gold Closes $54.3 Million Financing","author":"ACCESSWIRE","published_at":"2026-09-29T13:05:00.738Z","article_body":"VANCOUVER, BC / ACCESS Newswire (https://www.accessnewswire.com/) / September\n29, 2026 / Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF) (\"Banyan\"or the\n\"Company\") is pleased to announce that it has closed its previously announced\nbrokered private placement (the \"Offering\") pursuant to which it has issued an\naggregate of 23,156,500 common shares of the Company (each, a \"Share\") at a\nprice of $2.00 per Share, for gross proceeds of $46,313,000. The Offering was\nconducted pursuant to an agency agreement dated September 29, 2026, between\nthe Company and Canaccord Genuity Corp., as lead agent and sole bookrunner,\ntogether with a syndicate of agents including Scotia Capital Inc., BMO Nesbitt\nBurns Inc., ATB Capital Markets Corp., Desjardins Securities Inc., Paradigm\nCapital Inc., CIBC World Markets Inc. and National Bank Financial Inc.\n\nConcurrently with the closing of the Offering, the Company also issued an\naggregate of 4,000,000 Shares on a non-brokered private placement basis at a\nprice of $2.00 per Share, to raise additional gross proceeds of $8,000,000\n(the \"Concurrent Offering\").\n\nTara Christie, President and CEO of Banyan, commented: \"We are very pleased to\nwelcome Franco-Nevada as a new shareholder of Banyan and thank all of our\nexisting and new shareholders for their strong support. This financing\nstrengthens Banyan's financial position, allowing us to rapidly advance AurMac\nand Nitra through 2028, including drilling, engineering and permitting what is\none of Canada's largest gold deposits.\"\n\nThe net proceeds from the sale of the Shares pursuant to the Offering and\nConcurrent Offering will be used for advancement of the Company's Yukon\nprojects and general corporate and working capital purposes.\n\nSubject to compliance with applicable regulatory requirements and in\naccordance with National Instrument 45-106 - Prospectus Exemptions (\"NI\n45-106\"), the Shares issued pursuant to the Offering were offered for sale to\npurchasers resident in Canada and/or other qualifying jurisdictions pursuant\nto the listed issuer financing exemption under Part 5A of NI 45-106 as amended\nand supplemented by Coordinated Blanket Order 45-935 Exemptions from Certain\nConditions of the Listed Issuer Financing Exemption. Accordingly, the Shares\nsold pursuant to the Offering are not subject to a hold period pursuant to\napplicable Canadian securities laws. The Shares sold pursuant to the\nConcurrent Offering are subject to a statutory hold period expiring January\n30, 2027, pursuant to applicable Canadian securities laws. The Offering and\nConcurrent Offering remain subject to the final approval of the TSX Venture\nExchange.\n\nInsiders of the Company have purchased, directly or indirectly, an aggregate\nof 250,000 Shares pursuant to the Concurrent Offering, as a result of which\nthe Concurrent Offering is a \"related party transaction\" under Multilateral\nInstrument 61-101 - Protection of Minority Security Holders in Special\nTransactions (\"MI 61-101\"). The Company is exempt from the formal valuation\nand minority shareholder approval requirements of MI 61-101 pursuant to the\nexemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the\nbasis that neither the fair market value (as determined under MI 61-101) of\nthe subject matter of, nor the fair market value of the consideration for, the\nConcurrent Offering, insofar as it involves the related parties, exceeded 25%\nof the Company's market capitalization (as determined under MI 61-101).\n\nThis news release does not constitute an offer to sell or a solicitation of an\noffer to buy nor shall there be any sale of any of the securities in any\njurisdiction in which such offer, solicitation or sale would be unlawful,\nincluding any of the securities in the United States of America. The\nsecurities have not been and will not be registered under the United States\nSecurities Act of 1933, as amended (the \"1933 Act\") or any state securities\nlaws and may not be offered or sold within the United States or to, or for\naccount or benefit of, U.S. persons unless registered under the 1933 Act and\napplicable state securities laws, or an exemption from such registration\nrequirements is available. \"United States\" and \"U.S. person\" have the meaning\nascribed to them in Regulation S under the 1933 Act.\n\nAbout Banyan\n\nBanyan's primary asset, the AurMac Project is located in the Traditional\nTerritory of the First Nation of Na-Cho Nyäk Dun in Canada's Yukon Territory.\nThe AurMac Project comprises two main deposits, the Airstrip and Powerline\nDeposits.\n\nIn addition to the AurMac Project, the Company holds the Hyland Gold Project,\nlocated 70 km northeast of Watson Lake, Yukon, along the southeast end of the\nTintina Gold Belt in the Traditional Territory of the Kaska Nations, closest\nto the Liard First Nation and Daylu Dena Council.\n\nBanyan also holds the Nitra Gold Project and Seattle-Goodman Creek Project\nwhich are grassroots exploration projects located in the Mayo Mining district,\nadjacent to the AurMac Gold Project. These properties lie in the northern part\nof the Selwyn Basin and are underlain by metaclastic rocks of the Late\nProterozoic Yusezyu Formation of the Hyland Group, similar to lithologies\nhosting portions of the AurMac Project. Middle Cretaceous Tombstone Plutonic\nsuite intrusions occur along the properties including the Morrison Creek and\nMinto Creek stocks. The properties are 100% owned by Banyan and cover over 530\nsq km. The properties are accessible by road along the Silver Trail Highway,\nSouth McQuesten Road and a network of other smaller roads across the\nproperties.\n\nBanyan trades on the TSX Venture Exchange under the symbol \"BYN\" and is quoted\non the OTCQB Venture Market under the symbol \"BYAGF\". For more information,\nplease visit the corporate website at www.banyangold.com or contact the\nCompany.\n\nON BEHALF OF BANYAN GOLD CORPORATION\n\n(signed) \"Tara Christie\"\nTara Christie\nPresident & CEO\n\nFor more information, please contact:\n\nTara Christie • 778 928 0556 • tchristie@banyangold.com\nJasmine Sangria • 604 312 5610 • jsangria@banyangold.com\n\nCAUTIONARY STATEMENT: Neither the TSX Venture Exchange, its Regulation\nServices Provider (as that term is defined in policies of the TSX Venture\nExchange) nor OTCQB Venture Market accepts responsibility for the adequacy or\naccuracy of this release.\n\nNo stock exchange, securities commission or other regulatory authority has\napproved or disapproved the information contained herein.\n\nFORWARD LOOKING INFORMATION: This release contains forward-looking\ninformation, which is not comprised of historical facts and is based upon the\nCompany's current internal expectations, estimates, projections, assumptions\nand beliefs. Such information can generally be identified by the use of\nforward-looking wording such as \"may\", \"will\", \"expect\", \"estimate\",\n\"anticipate\", \"intend(s)\", \"believe\", \"potential\" and \"continue\" or the\nnegative thereof or similar variations. Forward-looking information involves\nrisks, uncertainties and other factors that could cause actual events,\nresults, performance, prospects and opportunities to differ materially from\nthose expressed or implied by such forward-looking information. Forward\nlooking information in this news release includes, but is not limited to, the\nreceipt of final regulatory approvals of the Offering and Concurrent Offering\nand use of proceeds to be raised pursuant thereto, the potential for resource\nexpansion and increased grades; mineral recoveries and anticipated mining\ncosts. Factors that could cause actual results to differ materially from such\nforward-looking information include uncertainties inherent in resource\nestimates, continuity and extent of mineralization, capital and operating\ncosts varying significantly from estimates, the preliminary nature of\nmetallurgical test results, delays in obtaining or failures to obtain required\ngovernmental, environmental or other project approvals, political risks,\nuncertainties relating to the availability and costs of financing needed in\nthe future, changes in equity markets, inflation, changes in exchange rates,\nfluctuations in commodity prices, availability of financing, receipt of\nregulatory approvals, and the other risks involved in the mineral exploration\nand development industry, enhanced risks inherent to conducting business in\nany jurisdiction, and those risks set out in Banyan's public documents filed\non SEDAR+. Although Banyan believes that the assumptions and factors used in\npreparing the forward-looking information in this news release are reasonable,\nundue reliance should not be placed on such information, which only applies as\nof the date of this news release, and no assurance can be given that such\nevents will occur in the disclosed time frames or at all. Banyan disclaims any\nintention or obligation to update or revise any forward-looking information,\nwhether as a result of new information, future events or otherwise, other than\nas required by law.\n\nSOURCE: Banyan Gold Corp.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/banyan-gold-closes-54.3-million-financing-1228401)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSN4mw9a-20260929","title":"Banyan Gold Closes $54.3 Million Financing","author":"ACCESSWIRE","ticker":"BYN","created":"2026-09-29T13:05:00.738Z","tickers":["BYN"],"exchange":"","article_body":"VANCOUVER, BC / ACCESS Newswire (https://www.accessnewswire.com/) / September\n29, 2026 / Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF) (\"Banyan\"or the\n\"Company\") is pleased to announce that it has closed its previously announced\nbrokered private placement (the \"Offering\") pursuant to which it has issued an\naggregate of 23,156,500 common shares of the Company (each, a \"Share\") at a\nprice of $2.00 per Share, for gross proceeds of $46,313,000. The Offering was\nconducted pursuant to an agency agreement dated September 29, 2026, between\nthe Company and Canaccord Genuity Corp., as lead agent and sole bookrunner,\ntogether with a syndicate of agents including Scotia Capital Inc., BMO Nesbitt\nBurns Inc., ATB Capital Markets Corp., Desjardins Securities Inc., Paradigm\nCapital Inc., CIBC World Markets Inc. and National Bank Financial Inc.\n\nConcurrently with the closing of the Offering, the Company also issued an\naggregate of 4,000,000 Shares on a non-brokered private placement basis at a\nprice of $2.00 per Share, to raise additional gross proceeds of $8,000,000\n(the \"Concurrent Offering\").\n\nTara Christie, President and CEO of Banyan, commented: \"We are very pleased to\nwelcome Franco-Nevada as a new shareholder of Banyan and thank all of our\nexisting and new shareholders for their strong support. This financing\nstrengthens Banyan's financial position, allowing us to rapidly advance AurMac\nand Nitra through 2028, including drilling, engineering and permitting what is\none of Canada's largest gold deposits.\"\n\nThe net proceeds from the sale of the Shares pursuant to the Offering and\nConcurrent Offering will be used for advancement of the Company's Yukon\nprojects and general corporate and working capital purposes.\n\nSubject to compliance with applicable regulatory requirements and in\naccordance with National Instrument 45-106 - Prospectus Exemptions (\"NI\n45-106\"), the Shares issued pursuant to the Offering were offered for sale to\npurchasers resident in Canada and/or other qualifying jurisdictions pursuant\nto the listed issuer financing exemption under Part 5A of NI 45-106 as amended\nand supplemented by Coordinated Blanket Order 45-935 Exemptions from Certain\nConditions of the Listed Issuer Financing Exemption. Accordingly, the Shares\nsold pursuant to the Offering are not subject to a hold period pursuant to\napplicable Canadian securities laws. The Shares sold pursuant to the\nConcurrent Offering are subject to a statutory hold period expiring January\n30, 2027, pursuant to applicable Canadian securities laws. The Offering and\nConcurrent Offering remain subject to the final approval of the TSX Venture\nExchange.\n\nInsiders of the Company have purchased, directly or indirectly, an aggregate\nof 250,000 Shares pursuant to the Concurrent Offering, as a result of which\nthe Concurrent Offering is a \"related party transaction\" under Multilateral\nInstrument 61-101 - Protection of Minority Security Holders in Special\nTransactions (\"MI 61-101\"). The Company is exempt from the formal valuation\nand minority shareholder approval requirements of MI 61-101 pursuant to the\nexemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the\nbasis that neither the fair market value (as determined under MI 61-101) of\nthe subject matter of, nor the fair market value of the consideration for, the\nConcurrent Offering, insofar as it involves the related parties, exceeded 25%\nof the Company's market capitalization (as determined under MI 61-101).\n\nThis news release does not constitute an offer to sell or a solicitation of an\noffer to buy nor shall there be any sale of any of the securities in any\njurisdiction in which such offer, solicitation or sale would be unlawful,\nincluding any of the securities in the United States of America. The\nsecurities have not been and will not be registered under the United States\nSecurities Act of 1933, as amended (the \"1933 Act\") or any state securities\nlaws and may not be offered or sold within the United States or to, or for\naccount or benefit of, U.S. persons unless registered under the 1933 Act and\napplicable state securities laws, or an exemption from such registration\nrequirements is available. \"United States\" and \"U.S. person\" have the meaning\nascribed to them in Regulation S under the 1933 Act.\n\nAbout Banyan\n\nBanyan's primary asset, the AurMac Project is located in the Traditional\nTerritory of the First Nation of Na-Cho Nyäk Dun in Canada's Yukon Territory.\nThe AurMac Project comprises two main deposits, the Airstrip and Powerline\nDeposits.\n\nIn addition to the AurMac Project, the Company holds the Hyland Gold Project,\nlocated 70 km northeast of Watson Lake, Yukon, along the southeast end of the\nTintina Gold Belt in the Traditional Territory of the Kaska Nations, closest\nto the Liard First Nation and Daylu Dena Council.\n\nBanyan also holds the Nitra Gold Project and Seattle-Goodman Creek Project\nwhich are grassroots exploration projects located in the Mayo Mining district,\nadjacent to the AurMac Gold Project. These properties lie in the northern part\nof the Selwyn Basin and are underlain by metaclastic rocks of the Late\nProterozoic Yusezyu Formation of the Hyland Group, similar to lithologies\nhosting portions of the AurMac Project. Middle Cretaceous Tombstone Plutonic\nsuite intrusions occur along the properties including the Morrison Creek and\nMinto Creek stocks. The properties are 100% owned by Banyan and cover over 530\nsq km. The properties are accessible by road along the Silver Trail Highway,\nSouth McQuesten Road and a network of other smaller roads across the\nproperties.\n\nBanyan trades on the TSX Venture Exchange under the symbol \"BYN\" and is quoted\non the OTCQB Venture Market under the symbol \"BYAGF\". For more information,\nplease visit the corporate website at www.banyangold.com or contact the\nCompany.\n\nON BEHALF OF BANYAN GOLD CORPORATION\n\n(signed) \"Tara Christie\"\nTara Christie\nPresident & CEO\n\nFor more information, please contact:\n\nTara Christie • 778 928 0556 • tchristie@banyangold.com\nJasmine Sangria • 604 312 5610 • jsangria@banyangold.com\n\nCAUTIONARY STATEMENT: Neither the TSX Venture Exchange, its Regulation\nServices Provider (as that term is defined in policies of the TSX Venture\nExchange) nor OTCQB Venture Market accepts responsibility for the adequacy or\naccuracy of this release.\n\nNo stock exchange, securities commission or other regulatory authority has\napproved or disapproved the information contained herein.\n\nFORWARD LOOKING INFORMATION: This release contains forward-looking\ninformation, which is not comprised of historical facts and is based upon the\nCompany's current internal expectations, estimates, projections, assumptions\nand beliefs. Such information can generally be identified by the use of\nforward-looking wording such as \"may\", \"will\", \"expect\", \"estimate\",\n\"anticipate\", \"intend(s)\", \"believe\", \"potential\" and \"continue\" or the\nnegative thereof or similar variations. Forward-looking information involves\nrisks, uncertainties and other factors that could cause actual events,\nresults, performance, prospects and opportunities to differ materially from\nthose expressed or implied by such forward-looking information. Forward\nlooking information in this news release includes, but is not limited to, the\nreceipt of final regulatory approvals of the Offering and Concurrent Offering\nand use of proceeds to be raised pursuant thereto, the potential for resource\nexpansion and increased grades; mineral recoveries and anticipated mining\ncosts. Factors that could cause actual results to differ materially from such\nforward-looking information include uncertainties inherent in resource\nestimates, continuity and extent of mineralization, capital and operating\ncosts varying significantly from estimates, the preliminary nature of\nmetallurgical test results, delays in obtaining or failures to obtain required\ngovernmental, environmental or other project approvals, political risks,\nuncertainties relating to the availability and costs of financing needed in\nthe future, changes in equity markets, inflation, changes in exchange rates,\nfluctuations in commodity prices, availability of financing, receipt of\nregulatory approvals, and the other risks involved in the mineral exploration\nand development industry, enhanced risks inherent to conducting business in\nany jurisdiction, and those risks set out in Banyan's public documents filed\non SEDAR+. Although Banyan believes that the assumptions and factors used in\npreparing the forward-looking information in this news release are reasonable,\nundue reliance should not be placed on such information, which only applies as\nof the date of this news release, and no assurance can be given that such\nevents will occur in the disclosed time frames or at all. Banyan disclaims any\nintention or obligation to update or revise any forward-looking information,\nwhether as a result of new information, future events or otherwise, other than\nas required by law.\n\nSOURCE: Banyan Gold Corp.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/banyan-gold-closes-54.3-million-financing-1228401)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-09-29T13:05:00.788404195Z","server_sent_at_ms":1790687100788},"received_at":"2026-09-29T13:05:00.845Z","source_url":"https://www.accessnewswire.com/newsroom/en/metals-and-mining/banyan-gold-closes-54.3-million-financing-1228401"},"analysis":{"id":"144256","press_release_id":"155530","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["significant share issuance (~27.2M shares) is dilutive to existing holders","insider participation creates a related-party transaction, though exempt from valuation/approval requirements","closes remain subject to final TSX Venture Exchange approval"],"eventType":"offering","narrative":"Banyan Gold closed a $54.3 million financing, issuing 23,156,500 shares at $2.00 in a brokered private placement for $46,313,000, plus 4,000,000 shares at $2.00 in a concurrent non-brokered placement for $8,000,000.\n\nCanaccord Genuity led the brokered deal, and CEO Tara Christie highlighted Franco-Nevada coming in as a new shareholder. Insiders bought 250,000 shares, making the concurrent placement a related-party transaction under MI 61-101.\n\nProceeds fund advancement of the AurMac and Nitra gold projects in Yukon through 2028, including drilling, engineering and permitting of what the company calls one of Canada's largest gold deposits.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"Fully-funded: $54.3M closed with Franco-Nevada on the register lets Banyan advance AurMac through 2028 despite dilution."},"keyFigures":{"offeringPrice":2,"customDimensions":{"brokered_shares":23156500,"concurrent_shares":4000000,"brokered_gross_proceeds":46313000,"concurrent_gross_proceeds":8000000,"insider_participation_shares":250000}},"quotedText":"This financing strengthens Banyan's financial position, allowing us to rapidly advance AurMac and Nitra through 2028, including drilling, engineering and permitting what is one of Canada's largest gold deposits.","namedEntities":{"people":[{"name":"Tara Christie","role":"President & CEO"},{"name":"Jasmine Sangria","role":"company contact"}],"products":["AurMac Project","Nitra Gold Project","Hyland Gold Project","Seattle-Goodman Creek Project"],"companies":[{"name":"Banyan Gold Corp.","ticker":"BYN","relationship":"filer/issuer"},{"name":"Franco-Nevada","relationship":"new strategic shareholder"},{"name":"Canaccord Genuity Corp.","relationship":"lead agent and sole bookrunner"},{"name":"Scotia Capital Inc.","relationship":"syndicate agent"},{"name":"BMO Nesbitt Burns Inc.","relationship":"syndicate agent"},{"name":"ATB Capital Markets Corp.","relationship":"syndicate agent"},{"name":"Desjardins Securities Inc.","relationship":"syndicate agent"},{"name":"Paradigm Capital Inc.","relationship":"syndicate agent"},{"name":"CIBC World Markets Inc.","relationship":"syndicate agent"},{"name":"National Bank Financial Inc.","relationship":"syndicate agent"}],"dollarAmounts":[{"amount":"$46,313,000","context":"gross proceeds of brokered Offering"},{"amount":"$8,000,000","context":"gross proceeds of Concurrent non-brokered private placement"},{"amount":"$2.00","context":"price per Share in both placements"}]},"materialImpact":{"score":3,"reasoning":"Closing of a $54.3M combined private placement (23.16M brokered shares plus 4M concurrent shares at $2.00) materially funds the AurMac and Nitra gold projects through 2028, but adds meaningful share dilution."},"tickerRelevance":{"others":[],"primary":"BYN"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"small-cap TSXV junior miner","eventGravity":"material financing close ($54.3M) with strategic shareholder entry","dilutionOffset":"dilution tempers bullish read","strategicInvestorBoost":"Franco-Nevada participation adds credibility"}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"mixed","material_impact_score":3,"narrative":"Banyan Gold closed a $54.3 million financing, issuing 23,156,500 shares at $2.00 in a brokered private placement for $46,313,000, plus 4,000,000 shares at $2.00 in a concurrent non-brokered placement for $8,000,000.\n\nCanaccord Genuity led the brokered deal, and CEO Tara Christie highlighted Franco-Nevada coming in as a new shareholder. Insiders bought 250,000 shares, making the concurrent placement a related-party transaction under MI 61-101.\n\nProceeds fund advancement of the AurMac and Nitra gold projects in Yukon through 2028, including drilling, engineering and permitting of what the company calls one of Canada's largest gold deposits.","key_figures":{"offeringPrice":2,"customDimensions":{"brokered_shares":23156500,"concurrent_shares":4000000,"brokered_gross_proceeds":46313000,"concurrent_gross_proceeds":8000000,"insider_participation_shares":250000}},"named_entities":{"people":[{"name":"Tara Christie","role":"President & CEO"},{"name":"Jasmine Sangria","role":"company contact"}],"products":["AurMac Project","Nitra Gold Project","Hyland Gold Project","Seattle-Goodman Creek Project"],"companies":[{"name":"Banyan Gold Corp.","ticker":"BYN","relationship":"filer/issuer"},{"name":"Franco-Nevada","relationship":"new strategic shareholder"},{"name":"Canaccord Genuity Corp.","relationship":"lead agent and sole bookrunner"},{"name":"Scotia Capital Inc.","relationship":"syndicate agent"},{"name":"BMO Nesbitt Burns Inc.","relationship":"syndicate agent"},{"name":"ATB Capital Markets Corp.","relationship":"syndicate agent"},{"name":"Desjardins Securities Inc.","relationship":"syndicate agent"},{"name":"Paradigm Capital Inc.","relationship":"syndicate agent"},{"name":"CIBC World Markets Inc.","relationship":"syndicate agent"},{"name":"National Bank Financial Inc.","relationship":"syndicate agent"}],"dollarAmounts":[{"amount":"$46,313,000","context":"gross proceeds of brokered Offering"},{"amount":"$8,000,000","context":"gross proceeds of Concurrent non-brokered private placement"},{"amount":"$2.00","context":"price per Share in both placements"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-29T13:05:09.060Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"small-cap TSXV junior miner","eventGravity":"material financing close ($54.3M) with strategic shareholder entry","dilutionOffset":"dilution tempers bullish read","strategicInvestorBoost":"Franco-Nevada participation adds credibility"}},"durationMs":8210,"modelName":"glm-5.3-flashx"}}