19:06:27 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Banyan Gold Corp
Symbol BYN
Shares Issued 77,704,193
Close 2018-04-17 C$ 0.065
Market Cap C$ 5,050,773
Recent Sedar Documents

Banyan hires Independent Trading for market maintenance

2018-04-18 07:04 ET - News Release

Ms. Tara Christie reports

BANYAN GOLD ENGAGES MARKET MAINTENANCE SERVICE PROVIDER

Subject to regulatory approval, Banyan Gold Corp. has retained Independent Trading Group Inc. (ITG) to provide market maintenance services to the company in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ITG will trade shares of Banyan Gold on the TSX-V for the purposes of maintaining a reasonable market and improving the liquidity of Banyan Gold's common shares.

The company will pay $3,500 per month for the services to be provided by ITG. The agreement may be terminated at any time by the company or ITG following an initial three-month term. There are no performance factors contained in the agreement and ITG will not receive any shares or options as compensation for the services it will render. The company and ITG are unrelated and unaffiliated entities but ITG and/or its clients may have an interest, directly or indirectly, in the securities of the company.

About Banyan Gold

Banyan is a 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 NI 43-101, at a 0.6 g/t gold equivalent cut-off, 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 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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