Banyan Gold is pleased to announce that it has closed a non-brokered private placement whereby the Company has issued 23,700,000 common shares, which qualify as "flow-through shares" of the Income Tax Act, at a price of $0.97 per Special FT Share, for gross proceeds of $22,989,000; and 12,000,000common shares at a price of $0.70 per Share, for gross proceeds of $8,400,000 for aggregate gross proceeds to the Company of
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