Banyan Gold Corp. restricts U.S. sales due to Canadian securities laws
2 reports, 1 independent
Updated Sep 1
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What happened
Banyan Gold Corp. announced that shares from its private placement offerings will be restricted from the United States market. The shares will only be offered for sale to purchasers residing in Canada and/or other qualifying jurisdictions, in compliance with National Instrument 45-106. Franco-Nevada Corporation subscribed for shares in both the Offering and the Concurrent Offering.
From manilatimes.net
Why it matters
The restriction means that the company's private placements are limited to specific international markets due to its operation under Canadian securities laws. This limits the pool of potential buyers for the shares being issued.
From manilatimes.net
Who's involved
- BanyanCompany whose share sales are being restricted by Canadian securities laws
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The entities involved
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Banyan
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