2 Financings You Need to Know About This Week (June 6-June 10)

1.  Banyan Gold Corp. (CSE: BYN)

• Gross Proceeds: $16.5 million
• Sector: Precious metals
• Units issued: 16.21 million
• Type: Charity flow-through shares; flow-through shares
• Price: $0.63; $0.55
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Flow-through expenses

Company breakdown:

• Gold junior with the Hyland and AurMac gold projects in southeast Yukon.
• An NI 43-101 report for Hyland indicated 8.6 million tonnes grading 0.85 gold-equivalent grams per tonne for a total of 236,000 ounces and 10.8 million tonnes grading 0.85 g/t AuEq for 288,000 inferred.
• Shares have been on the rise since December, amid abundant drill results

2. Golden Shield Resources Inc. (CSE: GSRI)

• Gross Proceeds: $9.5 million
• Sector: Precious metals
• Units issued: 10.9 million units
• Type: Special units
• Price: $0.55
• Warrants: Full; $1.10; Two years
• Agents: Canaccord Genuity Corp.
• Use of Proceeds: Working capital

Company breakdown:

• Gold junior with projects in Guyana
• Started up late last year
• Shares dropped precipitously after the company reported drill results including 33 metres of 3.45 grams of gold per tonne at the Marudi project