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Banyan Gold Corp V.BYN

Alternate Symbol(s):  BYAGF

Banyan Gold Corp. is a Canada-based company, which is engaged in the business of exploration and development of mineral property. The Company holds three main projects in the mining friendly Yukon Territory: AurMac Project, Nitra Claims and Hyland Gold Project. The Company’s flagship asset is AurMac Gold Project located in the Mayo Mining District. It has earned a 51% and 75% interest in and has the right to earn a 100% interest in each of the Aurex Property and McQuesten Property subject to certain royalties. The AurMac Project covers over 173 square kilometers (km2). The Nitra Gold Project is located in the Mayo Mining district, approximately 10 kilometers west of the AurMac Gold property, within the traditional territory of the First Nation of Na-Cho Nyak Dun. The Nitra Gold Project has around 1,442 claims (296 km2). The Hyland Gold Project consists of 927 active Yukon registered quartz mineral claims totaling over 18,620 hectares in an area that is road accessible from Watson Lake.


TSXV:BYN - Post by User

Post by Human7on Jun 15, 2021 4:44pm
242 Views
Post# 33390309

when Victoria sells

when Victoria sells

So Victoria sells this year. VGCX is a major BYN shareholder. One possible scenario is the husband and wife are going to want to maintain a firm grip on Banyan and thus the VGCX shares in BYN are going to be part of the VGCX sale somehow, and McConnell joins the BYN Board. 

Does this sound like a plausible scenario?

Am I right in thinking McConnell may have enough VGCX board influence so that the Victoria sale will be structured to have a positive impact on BYN beyond the PR/next door value?

I don't know exactly how, but I'm guessing this VGCX/BYN family connection is pretty important. i just don't know what they might try and do, but somehow i figure in the end it means buy more BYN lol.

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