Not for distribution to United States newswire services or for dissemination in the United States
VANCOUVER, British Columbia, Sept. 24, 2026 (GLOBE NEWSWIRE) -- Banyan Gold Corp. (TSXV:BYN) (OTCQB: BYAGF) ("Banyan" or the "Company") is pleased to provide an update on its best efforts private placement (the "Offering") and the non-brokered private placement (the "Concurrent Offering") previously announced on September 20, 2026.
Franco-Nevada Corporation ("Franco") has subscribed for 8,250,000 shares of the Company ("Shares") pursuant to the Offering and 1,750,000 Shares pursuant to the Concurrent Offering.
All other terms of the Offering and the Concurrent Offering remain unchanged from the announcement press release dated September 20, 2026.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), the Shares to be issued pursuant to the Offering will be offered for sale to purchasers resident in Canada and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 as amended and supplemented by Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The Shares sold pursuant to the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. The Shares sold pursuant to the Concurrent Offering will be subject to a statutory hold period expiring four months and one day following the date of issuance pursuant to applicable Canadian securities laws.
There is an offering document related to the Offering that can be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.banyangold.com. Prospective investors should read this offering document before making an investment decision.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. persons unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. "United States" and "U.S. person" have the meaning ascribed to them in Regulation S under the 1933 Act.