Banyan Gold Announces Private Placement Terms for $750,000 Crowd Funding Financing

Banyan Gold Corp. (TSXV:BYN) announced the financing terms, subject to TSX Venture Exchange approval, for the crowd funding financing as announced on March 2, 2016.
As quoted in the press release:

The brokered private placement, through the newly created Red Cloud Klondike Strike Inc. online mining investment platform, comprises of one common share at a price of 9 cents, up to a maximum of 8,333,333 shares in the corporation.
Funds raised from the financing will be applied to the evaluation of acquisitions, general and administrative costs and exploration on Banyan’s flagship Hyland Project.

Banyan Gold President and CEO, Mark Haywood, stated:

Banyan expects that the recent strengthening of management and new strategic direction of the company will enable it to move forward on its value-driven strategies and create long-term value for its shareholders. Banyan is well positioned to begin the next phase of its corporate development and execute on its immediate objectives.

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