21:09:12 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Banyan Gold Corp
Symbol BYN
Shares Issued 23,184,000
Close 2015-03-09 C$ 0.06
Market Cap C$ 1,391,040
Recent Sedar Documents

Banyan Gold director Collins acquires 900,000 units

2015-03-12 16:48 ET - News Release

Mr. Jay Collins reports

MR. JAY COLLINS ANNOUNCES EARLY WARNING REPORT FILING REGARDING SHAREHOLDINGS IN BANYAN GOLD CORP.

Jay Collins, a director of Banyan Gold Corp., has acquired directly through controlled affiliates beneficial ownership of an additional 900,000 units of Banyan Gold for investment purposes. Per the company's news release of Feb. 17, 2015, these units consist one common share and one-half of a non-transferable common share purchase warrant, with each full warrant exercisable into one common share of the company at an exercise price of 7.5 cents, exercisable for a period of 24 months from the date of issuance. These shares were purchased in the company's recently closed first tranche private placement financing. Prior to the acquisition of these shares, Mr. Collins held directly and indirectly 3,726,000 common shares of the company, which amounted to 25.7 per cent of the company's issued and outstanding shares. Following this transaction, Mr. Collins now owns directly or has control or direction over 4,626,000 shares, representing 19.95 per cent of the company's current 23,184,000 issued and outstanding common shares. On a fully diluted basis, Mr. Collins owns an 18.44-per-cent control position.

This press release is being disseminated as required by National Instrument 62-103 in connection with the filing of an early warning report. A copy of the early warning report will be placed on SEDAR under the company's profile.

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