Banyan Gold Announces Results of AGM
JUNE 9, 2014 BANYAN GOLD CORP. TSX-V: BYN
Banyan Gold Corp. ("Banyan" or the "Company") (TSXV: BYN) announces that at the Company's Annual General and Special Meeting of Shareholders held on June 8, 2015 (the "Meeting"), Mark Ayranto, Richmond Graham, Tara Christie and Jay Collins were elected to serve as directors of the Company for the ensuing year.
In addition, the following matters were approved at the Meeting:
i. the appointment John J. Geib, Chartered Accountant, as the auditors of the Company for the ensuing year and the authorization for the directors of the Company to fix their remuneration;
ii. the ratification of the Company's 10% rolling stock option plan (the "Plan");
iii. the adoption of new articles of the Company allowing for shareholder meetings to be held outside Alberta; and
iv. ratifying the changes to the Bylaws Adopted by the Directors regarding wording on the holding of shareholder meetings.
All resolutions were approved with in excess of 99% shareholder approval. Further information can be found in Banyan Gold’s information circular available on SEDAR at www.sedar.com.
About Banyan Gold
Banyan Gold is a gold exploration and development company whose flagship property, the Hyland Gold Project (“Hyland”), is approximately 70 km NE of Watson Lake, Yukon. The Main Zone gold inferred resource, at a 0.6 g/t gold equivalent ("AuEq") cutoff, hosts a NI 43-101 compliant resource of 12,503,994 tonnes containing 361,692 ounces gold at 0.9 g/t and 2,248,948 ounces silver at 5.59 g/t for a combined gold and silver 396,468 ounces gold equivalent. Based on the success of previous exploration and numerous untested drill ready targets Banyan Gold management foresees potential for a significant regional exploration. Paul D. Gray, P.Geo. is Banyan Gold's Qualified Person with respect to Hyland and has reviewed and approved this press release.
Banyan Gold trades on the TSX-Venture Exchange under the symbol “BYN”. For more information please visit the corporate website at http://www.banyangold.com or contact Banyan Gold.
ON BEHALF OF THE BOARD OF BANYAN GOLD
(signed) "Mark Ayranto"
Mark Ayranto Chairman
For more information, please contact:
Mark Ayranto Tel: (604) 648-8450 Email: [email protected] The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information Statements in this news release regarding Banyan which are not historical facts are “forward-looking statements” that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations.