07:48:35 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Banyan Gold Corp
Symbol BYN
Shares Issued 71,254,193
Close 2017-09-21 C$ 0.09
Market Cap C$ 6,412,877
Recent Sedar Documents

Banyan Gold grants options to buy 2.05 million shares

2017-09-22 21:15 ET - News Release

Ms. Tara Christie reports

BANYAN ISSUES STOCK OPTIONS

Banyan Gold Corp. has issued 2.05 million stock options to purchase 2.05 million shares at an exercise price of 12 cents per share, expiring five years from the date of the grant. The stock options are being issued to employees, consultants, advisers, directors and officers of the company. The options were granted under and are subject to the terms and conditions of the company's stock option plan.

Including this stock option grant outlined above, the company has a total number of stock options outstanding equalling approximately 6.7 per cent of its issued and outstanding common equity.

About Banyan Gold Corp.

Banyan is a well-financed growth-stage gold exploration company whose flagship property, the Hyland gold project, is approximately 70 kilometres northeast of Watson Lake, Yukon, along the southeast end of the Tintina gold belt.

The Hyland Main zone inferred gold resource estimate, prepared in accordance with National Instrument 43-101, at a gold equivalent cut-off of 0.6 gram per tonne, contains 12,503,994 tonnes with 361,692 ounces gold at 0.9 g/t and 2,248,948 ounces silver at 5.59 g/t for a combined gold and silver 396,468 ounces gold equivalent at 0.99 g/t.

The newly acquired 9,230-hectare Aurex-McQuesten property, in close proximity to Victoria Gold's Eagle project and Alexco Resource's Keno Hill silver district, is highly perspective for structurally controlled, intrusion-related gold-silver mineralization in relation to quartz monzonite dikes of the Tombstone intrusive suite.

We seek Safe Harbor.

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