Banyan Announces Closing of Private Placement for Aggregate Proceeds of $14 Million
Banyan Announces Closing of Private Placement for Aggregate Proceeds of $14 Million
Toronto, Ontario--(Newsfile Corp. - June 20, 2024) - Banyan Gold Corp. (TSXV: BYN) (OTCQB: BYAGF) (the "Company") is pleased to announce that further to its press release dated June 12, 2024, it has closed its previously announced brokered private placement whereby the Company has issued (i) 23,150,000 common shares (the "LIFE FT Shares"), which qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act"), at a price of $0.38 per LIFE FT Share, for gross proceeds of $8,797,000.00; (ii) 14,720,000 common shares (the "FT Shares"), which qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Tax Act), at a price of $0.34 per FT Share, for gross proceeds of $5,004,800 and (iii) 739,000 common shares (the "HD Shares") at a price of $0.27 per HD Share for gross proceeds of $199,530, for aggregate gross proceeds to the Company of $14,001,300.00 (the "Offering").
多伦多，安大略省——（资讯公司-2024年6月20日）——Banyan Gold Corp. (tsxv:BYN) (OTCQB:BYAGF) 很高兴宣布，根据其2024年6月12日发布的新闻稿，公司已完成了此前宣布的经纪定向增发，公司已发行 （i）23,150,000股普通股票（“Life FT Shares”），符合《税收法》第66（15）（“Tax Act”） 的“过渡性股票”，每股售价为0.38美元，募集总计8,797,000.00美元；（ii）14,720,000股普通股票（“FT Shares”），符合《税收法》第66（15）条的“过渡性股票”，每股售价0.34美元，募集总计5,004,800美元；以及（iii）739,000股普通股票（“HD Shares”），每股售价0.27美元，募集总额19,9530美元，公司的募集总额为14,001,300.00美元。此次发行由Cormark Securities Inc.担任主承销商（“Lead Agent”），代表由一组经纪商组成的辛迪加，包括Paradigm Capital Inc.和BMO Capital Markets（与主承销商一起， “Agents”）。作为对提供的服务的回报，公司向Agents支付了等额于454,183.46美元的现金佣金。公司CEO Tara Christie表示：“此次融资使得Banyan可以通过扩大的钻探计划，冶金、工程和基线研究向前推进AurMac项目。”根据适用的法规要求并根据45-106国家法令，Life FT Shares 根据NI 45-106的5A部分中的上市发行人融资豁免条款出售。发行给加拿大居民订阅者的Life FT Shares不受适用的加拿大证券法规规定的持有期限的约束。FT Shares和HD Shares根据其他适用定向增发豁免条款发行，根据加拿大证券法规规定的持有期限将于2024年10月21日到期。公司将利用Life FT Shares和FT Shares募集到的募集总额，于2025年12月31日之前用于发生（或视为发生）有资格的“加拿大勘探费用”，这些费用符合与股东分享Life FT Shares和FT Shares的“过渡性采矿开支”有关的条件，而且公司将于2024年12月31日之前放弃有资格的开支。募集HD Shares所得的净收益将用于一般行政支出。本次定向增发连接了公司的内部人员的共计2,961,000股普通股票。根据MI 61-101对“相关交易”的评估和少数股东股东权保护的规定，公司豁免了估值和少数股东股东批准的要求，因为内幕人士参与本次增发的市价值不超过公司市值的25％，该市场价值根据MI 61-101确定。公司未在募集预期收盘前21天内提交重大变动报告，因为公司事先不知道募集的详细情况。公司了解到，Life FT Shares的首次购买者可能会将这些证券捐赠给注册的慈善机构和/或这些初次购买者或已注册的慈善机构可能会将这些证券转售给最终购买者，后者涉及这些购买者，慈善机构和/或最终购买者的交易。（“Acquiror”）宣布其以每个单位0.21美元的价格收购了4,761,905个发行人的单位（“Units”），总认购价格为1,000,000.01美元。每个单位包括一股公司股本中的普通股（一个“Common Shares”）和半个普通股购股权证（每个完整的权证即为“Warrant”），每个权证都使持有者有权以每股0.25美元的价格购买一股普通股，直到2026年5月30日。公司")很高兴地宣布，根据其2024年6月12日发布的新闻稿，公司已完成了此前宣布的经纪定向增发，发行了 (i) 23,150,000股普通股票 ("Life FT Shares")，每股售价为0.38美元，募集总计8,797,000.00美元；(ii) 14,720,000股普通股票 ("FT Shares")，每股售价为0.34美元，募集总计5,004,800美元；以及(iii) 739,000股普通股票 ("HD Shares")，每股售价为0.27美元，募集总额为199,530美元，合计募得14,001,300.00美元。Life FT Shares税收法第66（15）的“过渡性股票”意指2024年5月28日，北至超级矿业资源有限公司("Northern Superior") (tsx-v: superior)(otcqx: nsupf)很高兴地宣布已通过发行(i)在税法(如下所定义)第66(15)小节和魁北克省税法(如下所定义)第359.1条中被定义为"过渡股票"的数量为5050600的普通股(下称"过渡股票")价格为0.99美元每股，募集资金总额为5000094美元；和(ii)其中数量为5454600的普通股称为"HD股票"价格为每股0.55美元，募资3000030美元，募资总额共计8000124美元(下称"发行")的方式，完成了之前宣布的买入交易融资(详见2024年5月9日和5月10日的新闻稿)。所得税法（加拿大）（以下称"税法"）第66（15）款的意义内的"流通过渡股票"税法FT Shares流通过渡股票税收法第66（15）的“过渡性股票”意指（iii）最多可售出1,850,000股普通股，每股0.27元；总收益为499,500美元；（"HD Shares")HD Shares增发计划").
The Offering was led by Cormark Securities Inc., as lead agent (the "Lead Agent"), on behalf of a syndicate of agents, including Paradigm Capital Inc. and BMO Capital Markets (together with the Lead Agent, the "Agents").
此次发行由Cormark Securities Inc.担任主承销商（“Lead Agent”），代表由一组经纪商组成的辛迪加，包括Paradigm Capital Inc.和BMO Capital Markets（与主承销商一起， "Agents"）主承销商（与主承销商一起， "Agents"）代理").
In consideration for the services provided by the Agents under the Offering, the Company paid the Agents a cash commission equal to $454,183.46.
作为对提供的服务的回报，公司向Agents支付了等额于454,183.46美元的现金佣金。
Tara Christie, Chief Executive Officer of the Company, said: "This financing allows Banyan to move the AurMac Project forward with an upsized drill program, metallurgy, engineering and baseline studies for permitting."
公司CEO Tara Christie表示：“此次融资使得Banyan可以通过扩大的钻探计划，冶金、工程和基线研究向前推进AurMac项目。”
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the LIFE FT Shares were offered for sale pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). The LIFE FT Shares issued to Canadian resident subscribers are not subject to a hold period pursuant to applicable Canadian securities laws. The FT Shares and HD Shares were issued pursuant to other applicable private placement exemptions and are subject to a hold period under Canadian securities laws expiring October 21, 2024.
45-106国家法令招股免责声明("NI 45-106Life FT Shares根据NI 45-106的5A部分中的上市发行人融资豁免条款出售Listed Issuer Financing ExemptionFT Shares和HD Shares根据其他适用定向增发豁免条款发行，根据加拿大证券法规规定的持有期限将于2024年10月21日到期。
The Company will use the gross proceeds raised pursuant to the issuance of LIFE FT Shares and FT Shares to incur (or be deemed to incur) eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" (as both terms are defined in the Tax Act) related to the Company's projects in the Yukon (the "Qualifying Expenditures"), on or before December 31, 2025, and to renounce all the Qualifying Expenditures in favour of the subscribers of the LIFE FT Shares and FT Shares effective December 31, 2024. The net proceeds raised pursuant to the issuance of the HD Shares will be used for general and administrative expenses.
公司将利用Life FT Shares和FT Shares募集到的募集总额，于2025年12月31日之前用于发生（或视为发生）有资格的“加拿大勘探费用”，这些费用符合与股东分享Life FT Shares和FT Shares的“过渡性采矿开支”有关的条件，而且公司将于2024年12月31日之前放弃有资格的开支。募集HD Shares所得的净收益将用于一般行政支出。限制性支出Insiders of the Company acquired an aggregate of 2,961,000 common shares in connection with the Offering. The net proceeds raised pursuant to the issuance of the HD Shares will be used for general and administrative expenses.
Insiders of the Company acquired an aggregate of 2,961,000 common shares in connection with the Offering. The Company is exempt from the valuation and minority shareholder approval requirements applicable to "related party transactions" as defined in Multilateral Instrument 61-101 - Protection of Minority Holders in Special Transactions ("MI 61-101") on the basis of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the participation in the Offering by insiders does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report more than 21 days before the expected closing of the Offering, as the details of the Offering were not previously known by the Company. The Company understands that the initial purchasers of LIFE FT Shares may donate such securities to registered charities and/or such initial purchasers or registered charities may sell such securities onwards to end purchasers pursuant to transactions involving such purchasers, charities and/or end buyers.
《少数股东保护》里程碑的MI 61-101中有明确规定保护少数股东在特殊交易中的权益 ("mi 61-101公司根据MI 61-101的5.5（a）和5.7（1）（a）条款获得豁免，因为内幕人士参与本次增发的市价值不超过公司市值的25％，该市场价值根据MI 61-101确定。
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. persons unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. "United States" and "U.S. person" have the meaning ascribed to them in Regulation S under the 1933 Act.
本新闻稿并不构成销售或邀请购买任何证券，也不得在任何违反该等州或国际法律法规的情况下销售或邀请购买任何证券，包括美国国内的证券。本证券以及任何州证券都未在美国《证券法》1933年修正案(下称"《美国证券法》")或任何州证券法规中注册，也未在美国境内提供或出售，除非依据《美国证券法》和适用州证券法规的规定进行注册或准予豁免。"美国"和"美国人"在《美国证券法》下有其特殊含义。北至超级资源公司是一家专注于魁北克省Chibougamau地区黄金勘探的公司，公司目前拥有该地区最大的土地包裹，土地总面积超过62000公顷，其中的主要资产包括Philibert、Lac Surprise、Chevrier和Croteau等。同时北至超级资源公司还拥有一些在北安大略省的重要勘探资产，如区域性TPK项目。或任何州证券法进行注册或不会进行注册的（"1933法案"，不得根据1933年证券法或任何美国州证券法进行文中股票的出售或交易，也不得提供给美国境内的个人或机构。"United States"和"U.S. person"一词分别根据1933年证券法中的规定解释。
For further information, please contact:
如需更多信息，请联系：
Tara Christie • 778 928 0556 • tchristie@banyangold.com
Jasmine Sangria • 604 312 5610 • jsangria@banyangold.com
Tara Christie • 778 928 0556 • tchristie@banyangold.com
Jasmine Sangria • 604 312 5610 • jsangria@banyangold.com
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) nor OTCQB Venture Market accepts responsibility for the adequacy or accuracy of this release.
TSX创业公司交易所、其监管服务提供商（如TSX创业公司政策所定义），以及OTCQB创业板市场对本公告的充分性或准确性不承担责任。
Disclaimer for Forward-Looking Information
关于前瞻性信息的免责声明本新闻稿可能含有前瞻性声明。这些声明包括涉及公司的管理团队和董事会，Sanoukou Gold Project，Tilemi磷酸盐项目以及公司未来计划和目标的影响。这些声明基于目前的预期和假设，面临着风险和不确定性。实际结果可能因为在我们的中期和最近的年度财务报告的管理讨论和分析部分或其他报告和文件及TSX Venture Exchange和适用的加拿大证券法规中所讨论的因素而有所不同。我们不承担任何更新前瞻性声明的义务，除非法律规定。
This news release includes certain forward-looking statements concerning the use of proceeds of the Offering, the tax treatment of the LIFE FT Shares and the FT Shares, the timing of the Qualifying Expenditures, the future performance of the Company's business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the future tax treatment of the LIFE FT Shares and the FT Shares, competitive risks and the availability of financing, as described in more detail in the Company's recent securities filings available at under the Company's profile on SEDAR+ at . Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. The Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.
本新闻稿包含一些关于Offering收益使用、LIFE FT Shares和FT Shares的税收待遇、对合格支出的时间安排、公司业务、运营、财务业绩和状况的未来表现、管理目标、策略、信念和意图的前瞻性声明。常被诸如"可能"，"将会"，"计划"，"预计"，"估计"，"意欲"等描述未来事件和结果的词汇所区分。前瞻性声明基于管理层的当前观点和期望。所有前瞻性信息本质上是不确定的，且存在各种假设、风险和不确定性，包括矿产勘探和开发的投机性质、波动的商品价格、LIFE FT Shares和FT Shares的未来税收待遇、竞争风险和融资可用性，更详细的描述可在公司的最新证券文件中查询，这些文件可在公司在SEDAR+的资料库中查看。实际事件或结果可能与前瞻性声明所预测的有所不同，我们提醒您不要过度依赖这些声明。除适用法律要求外，公司无义务修订或更新这些前瞻性声明。在提醒您，依靠这些前瞻性声明进行投资可能存在风险。
Not for distribution to United States newswire services or for dissemination in the United States
不得向美国新闻线提供，也不得在美国传播。