On June 21, 2024, Banyan Gold Corp. closed the transaction. The company has issued 1,111,000 hard dollar common shares at a price of CAD 0.27 per HD share for gross proceeds of CAD 299,970 in its second and final tranche closing.

In total, the company raised an aggregate of CAD 14,301,300 pursuant to both tranches of the financing. The HD Shares were issued pursuant to other applicable private placement exemptions and are subject to a hold period under Canadian securities laws expiring October 22, 2024. The company has received $218,918 (CAD 298,952.23162) from 2 investors pursuant to exemption provided under Regulation D.