Mr. Jay Collins Announces Early Warning Report Filing Regarding Shareholdings in Banyan Gold Corp.
Calgary, Alberta (FSCwire) - Further to disclosure requirements of applicable securities laws, Mr. Jay Collins, a director of Banyan Gold Corp., announces he has acquired directly through controlled affiliates, beneficial ownership of an additional 815,000 shares of Banyan Gold Corp. ("Banyan" or the "Company") for investment purposes. These shares were purchased through the facilities of the TSX Ventures Exchange on October 16, 2014 at an average price of $0.01635. Prior to the acquisition of these shares, Mr. Collins held directly and indirectly 2,231,000 common shares of the Company, which amounted to 15.40% of the Company's issued and outstanding shares and 750,000 share purchase warrants exercisable at $0.10 exercisable until March 1, 2015. Following this transaction, Mr. Collins now owns directly, or has control or direction over 3,046,000 shares representing 21.03% of the Company's current 14, 484,000 issued and outstanding common shares. He also owns 21% of the Company's outstanding share purchase warrants which gives him 24.92% control position on a fully diluted basis.
This press release is being disseminated as required by National Instrument 62-103, The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the filing of an early warning report (the "Early Warning Report"). A copy of the Early Warning Report will be placed on www.SEDAR.com under the Company's profile.
For further information contact:
Jay Collins
401-750 West Pender Street
Vancouver, BC
Phone: (604) 648-8450
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/banyangold10162014.pdf
Source: Banyan Gold Corp. (TSX Venture:BYN) http://banyangold.com/
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