FSC / Press Release
Banyan Announces Conditional Exchange Approval of Proposed Qualifying
Vancouver, British Columbia CANADA, February 04, 2013 /FSC/ - Banyan Coast
Capital Corp. (BYN.P - TSX Venture), ("Banyan"), a Capital Pool Company ("CPC")
listed on the TSX Venture Exchange (the "Exchange"), is pleased to announce that
Banyan has been granted conditional approval from the Exchange of its proposed
qualifying transaction (the "Qualifying Transaction"). This conditional approval
is granted further to previous announcements relating to Banyan's proposed
Qualifying Transaction involving the acquisition from Argus Metals Corp (TSX-V:
AML) of its interests in the Hyland Gold Project (the "Acquisition"). Banyan
has filed a Filing Statement on SEDAR (www.sedar.com) that provides details
regarding the Qualifying Transaction.
Closing of the Proposed Transaction is scheduled to occur on or about February
15, 2013. A further news release will be issued upon closing of the Proposed
Transaction. Trading of BYN.P will resume on or about February 4, 2013.
ON BEHALF OF THE BOARD OF BANYAN
(signed) "Richmond Graham"
President and Chief Executive Officer
For more information please contact:
Completion of the Qualifying Transaction is subject to a number of conditions,
including but not limited to, Exchange acceptance. There can be no assurance
that the Qualifying Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the Qualifying
Transaction, any information released or received with respect to the
transaction may not be accurate or complete and should not be relied upon.
Trading in the securities of a capital pool company should be considered highly
The TSX Venture Exchange has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this press
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. Since
forward-looking statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties, such as the risk that the
closing of the Qualifying Transaction may not occur for any reason. Actual
results could differ materially from those currently anticipated in such
statements due to factors including, but not limited to, the TSX Venture
Exchange failing to grant final acceptance for the Qualifying Transaction for
To view this press release as a webpage, please click on the following link:
Banyan Coast Capital Corp. (BYN.P: TSX-V)
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-0- Feb/04/2013 15:01 GMT
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