FINANCE – Wellgreen Platinum Ltd. June 24 said it has completed a previously announced bought-deal financing led by Dundee Securities Ltd., along with Edgecrest Capital Corp., Haywood Securities Inc. and Mackie Research Capital Ltd., along with H.C. Wainwright & Co., LLC as U.S. placement agent. Pursuant to the offering, nearly 10.62 million units of the company were issued, at a price of C65 cents per unit, for total gross proceeds of more than C$6.9 million, representing the base offering size of 9.231 million units and the exercise in full of the over-allotment option for an additional 1,384,650 units. Wellgreen will use the net proceeds of the offering toward initiation of prefeasibility studies on its Wellgreen platinum group metal-nickel-copper project located in southwestern Yukon Territory, to further exploration and development of its properties and for general corporate purposes. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder thereof to acquire one share at a price of C90 cents for a period of 24 months. In the event that the company’s shares trade at a closing price of greater than C$1.35 per share for a period of 10 consecutive trading days, the company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and, in such case, the warrants will expire on the 30th day after the date on which such notice is given by the company. Wellgreen President & CEO Greg Johnson said, “The company appreciates the high level of participation from our existing shareholders and the strong level of interest from new investors in this offering. These funds will facilitate the continued advancement of our flagship Wellgreen project and will enable us to take full advantage of the field season to initiate pre-feasibility-level work, while we finalize engineering on the updated Preliminary Economic Assessment.” All officers and directors of the company participated in the financing, subscribing for an aggregate of 535,769 units. Pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, the company notes that it has not filed a material change report 21 days prior to the closing of the offering, as participation of the insiders had not been established at that time. In connection with the offering, the underwriters have received a cash commission equal to 6 percent of the aggregate gross proceeds received from the sale of the units (including an over-allotment option, but excluding the proceeds received from the sale of the units pursuant to president’s list allocations), and 2 percent of the aggregate gross proceeds received from the sale of the units to Canadian residents who are part of the President’s List (including an over-allotment), and that number of compensation options equal to 4.5 percent of the number of units sold (excluding to President’s List purchasers). Each compensation option will be exercisable into one unit of the company until June 24, 2016 at a price equal to the offering price.

RESIGNATION – Banyan Gold Corp. June 24 reported the resignation of Richmond (Dick) Graham as President and CEO, effective June 1. Mark Ayranto has been appointed Executive Chairman until a suitable replacement is appointed. “As CEO Dick has helped build a well-respected, positioned and valued company during a very challenging market for junior mining companies” stated Ayranto. “As a founding member of Banyan we wish Dick well in his future pursuits and look forward to his continued participation on the board.” Banyan Gold is an exploration and development company focused primarily on the Hyland gold project located roughly 70 kilometers (43 miles) northeast of Watson Lake, Yukon Territory. Banyan reports that as of June 15 it had C$194,000 in cash and that its burn rate is approximately C$10,000 a month.

PGM/NICKEL/COPPER – Duncastle Gold Corp. June 23 said it has signed a binding letter of intent with Ashburton Ventures Inc. and Denali Resources Ltd. to acquire a 100 percent interest in Spy, Ultra and Catalyst-CKR platinum group metal-nickel-copper properties in the southwestern Yukon. The properties total over 262 square kilometers (101 square miles) in the Kluane Ultramafic Belt, a 600-kilometer-long (375 miles) sequence of igneous and sedimentary rocks that hosts the Wellgreen PGM deposit. Duncastle President Michael Rowley comments: “We are very pleased to be in a position to acquire such excellent properties in an emerging district for platinum group elements plus nickel and copper at a time when forecasts for these metals – in particular platinum, palladium and nickel – are very positive. The properties have substantial exploration potential based on their size and location in the Kluane belt and, in the case of Catalyst-CKR, their position directly adjacent to the Wellgreen Project. Additionally, we are expanding the board of directors to include professionals with experience in these metals as well as in exploration in the Yukon. In addition, with all three properties less than 20 kilometers (12.5 miles) from the Alaska Highway, we have a logistical advantage which we will benefit from as we advance them through well-planned exploration programs.” Duncastle may acquire a 100 percent interest in the Spy, Ultra and Catalyst-CKR properties by: paying C$50,000 and issuing 8.5 million shares to Denali over three years for the Catalyst project; assuming the requirements of existing property agreements now in place for the Spy and Ultra properties by assignment from Ashburton, including the completion of C$500,000 in exploration work, C$85,000 in cash payments, and the issuance of 650,000 shares over five years; paying C$5,000 to Ashburton for the Ultra property and a further C$5,000 to the underlying vendor of the Ultra property; and issuing 350,000 shares to Ashburton for purchase of the CKR claims and a further 150,000 shares to Ashburton for assignment of the Spy and Ultra claims. Duncastle will appoint Dr. Tom McCandless, P.Geo., as a director and chief operating officer; Eugene Spiering as a director and vice president exploration; and Bill Harris as director. Duncastle will enter into a debt settlement agreement with its two largest creditors, both of whom are insiders of the company, and will effect a corporate name change to reflect the acquisition. The letter of intent is subject to approval by the TSX Venture Exchange of a formal agreement to conclude the transaction by July 30, and completion of a financing to fund exploration work during the 2014 season as well as acquisition costs and general and administrative requirements.