Banyan Issues Stock Options
Banyan Issues Stock Options
September 22, 2017 TSX-V: BYN
BANYAN GOLD CORP. (“Banyan” or the “Company”) (TSX-V: BYN-V). The Board of
Directors of the Company announces the issuance of 2,050,000 stock options to purchase
2,050,000 shares at an exercise price of $0. 12 cents per share, expiring 5 years from the date
of the grant . The stock options are being issued to employees, consultants, advisors, directors
and officers of the Company . The options were granted under and are subject to the terms and
conditions of the company's stock option plan.
Including th is stock option grant outlined above, the Company has a total number of stock
options outstanding equaling approximately 6.7% of its issued and outstanding common equity.
About Banyan Gold
Banyan is a well -financed growth stage gold exploration company whose flagship property, the
Hyland Gold Project, is approximate ly 70km NE of Watson Lake, Yukon, along the southeast
end of the Tintina Gold Belt.
The Hyland Main Zone Inferred Gold Resource Estimate, prepared in accordance with NI 43 -
101, at a 0.6g/t gold equivalent cutoff, contains 12,503,994 tonnes with 361,692 ou nces gold at
0.9g/t and 2,248,948 ounces silver at 5.59g/t for a combined gold and silver 396,468 ounces
gold equivalent at 0.99 g/t.
The newly acquired 9,230 ha Aurex -McQuesten Property, in close proximity to Victoria Gold's
Eagle Project and Alexco Resou rce's Keno Hill Silver District, is highly perspective for
structurally controlled, intrusion related gold -silver mineralization in relation to quartz monzonite
dykes of the Tombstone intrusive suite.
Banyan trades on the TSX -Venture Exchange under the sym bol “BYN”. For more information,
please visit the corporate website at www.BanyanGold.com or contact the Company.
ON BEHALF OF BANYAN GOLD CORPORATION
(signed) "Tara Christie"
Tara Christie
President & CEO
For more information, please contact:
Tara Christie David Rutt
Tel: (888) 629-0444 Tel: (888) 629-0444
Email: [email protected] Email: [email protected]
CAUTIONARY STATEMENT: The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or
disapproved the information contained herein. This news release contains forward-looking information, which is not
comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could
cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or
implied by such forward-looking information. Forward looking information in this news release includes, but is not
limited to, Banyan’s objectives, goals or future plans, statements regarding exploration expectations, exploration or
development plans and the timing of negotiating the definitive agreements. Factors that could cause actual results to
differ materially from such forward -looking information include, but are not limited to, uncertainties inherent t o
preparing a resource estimate within expected timeline, capital and operating costs varying significantly from
estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required
governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and
costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations
in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and
development industry, enhanced risks inherent to conducting business in any jurisdiction, and those risks set out in
Banyan’s public documents filed on SEDAR. Although Banyan believes that the assumptions and factors used in
preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed
on such information, which only applies as of the date of this news release, and no assurance can be given that such
events will occur in the disclosed time frames or at all. Banyan disclaims any intention or obligation to update or
revise any forward-looking information, whether as a result of new information, future events or otherwise, other than
as required by law. Paul D.Gray of Banyan Gold Corp. is a “qualified person” within the meaning of such term as set
forth in National Instrument 43-101 of the Canadian Securities Administrators, and has verified and supervised the
preparation of all of the scientific and technical information contained in this news release.
Statements in this news release regarding Banyan Gold 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.