Banyan Gold is pleased to announce that it has closed a non-brokered private placement whereby the Company has issued 32,000,000 common shares, which qualify as "flow-through shares" of the Income Tax Act, at a price of $0.336 per Premium FT Share, for gross proceeds of $10,752,000; 7,838,000common shares, which qualify as "flow-through shares" of the Tax Act), at a price of $0.285 per FT Share, for gross proceeds of
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