CA - Banyan Announces upsizes to $12.2M private placement

• Banyan Gold ( OTCQB:BYAGF ) announced non brokered private placement has been increased to raise aggregate gross proceeds of up to ~$12.18M through the issuance of up to 12,98M premium flow though shares at a price of $0.568 per Premium FT share and up to 12M shares at a price of $0.40 per hard Share.

• The company intends to use the net proceeds for advancing its AurMac Property and other Yukon gold projects held by the Company, and for working capital and general corporate purposes.

• Closing is anticipated to occur on or about December 22, 2022.

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