RE:Banyan Announces Closing $4.32 M First Tranche of Financing " Due to strong demand "
The strong interest in this financing is a testament to the confidence in the team and growth potential of AurMac," stated Tara Christie, President and CEO.
"With a strong treasury and a project located adjacent to mines of our two largest shareholders, Victoria Gold and Alexco Resources, we are now well positioned to strategically advance this project to the next level through 2020 and 2021." At the close of the Private Placement, the major shareholders will be Alexco Resource Corporation (9.4%), Victoria Gold Corporation (8%), Sprott (3%) and Osisko Gold Royalties (4.9%).
With a full treasury , strong backers , assays pending ,sound management , and the first 43 - 101 beyond expectations , BYN has become one of our largest holdings , the number of shares held .