Bayan Mining and Minerals Secures A$750,000 in Capital Raise to Accelerate Exploration

Highlights:

• AU$750,000 Capital Raise – Bayan Mining and Minerals Ltd (ASX: BMM) successfully secured firm commitments for a well-supported placement at $0.047 per share, attracting strong interest from investors.
• Funds to Drive Exploration – Proceeds will accelerate work on the Pepita Gold Project in Brazil, Bayan Springs Projects in Nevada, USA, and support working capital and new project evaluations.
• Board Confidence & Incentives – Bayan’s Board subscribed for A$300,000, subject to shareholder approval, while investors receive one free unlisted option for every two shares issued with an exercise price of $0.075 and 36-month expiry.

Successful Placement Attracts Strong Investor Interest

Bayan Mining and Minerals Ltd (ASX: BMM) has successfully secured firm commitments for a A$750,000 capital raise through a well-supported placement. The offering, priced at $0.047 per share, garnered strong demand from both existing and new investors, signaling confidence in the company’s exploration strategy.

At the time of writing, the placement includes 9,574,468 new fully paid ordinary shares and 6,382,978 director placement shares, with the latter subject to shareholder approval.

Strategic Use of Funds

The proceeds from the placement will be directed toward advancing exploration efforts, particularly at Bayan’s Pepita Gold Project in Brazil and Bayan Springs Projects in Nevada, USA. Additionally, a portion of the funds will be allocated for working capital and evaluating new project opportunities, ensuring continued growth for the company.

Bayan’s Board of Directors has also committed A$300,000 to the placement, further demonstrating their confidence in the company’s future prospects.

Placement Terms and Market Impact

The issue price of $0.047 per share represents:
📉 A 7.8% discount to Bayan’s last closing price of $0.051 (January 31, 2025)
📉 A 7.7% discount to the 5-day VWAP of $0.0509
📉 A 6.1% discount to the 15-day VWAP of $0.0501
📉 A 16.2% discount to the 30-day VWAP of $0.0561

As part of the placement structure, investors will receive one free unlisted option for every two shares issued, with an exercise price of $0.075 and a 36-month expiry.

Next Steps and Market Outlook

Bayan’s successful capital raise underscores strong investor confidence in its exploration strategy and project pipeline. The company remains focused on advancing its key assets while seeking new opportunities in high-potential regions.

With additional funding secured, Bayan is well-positioned to accelerate its growth trajectory and drive

long-term shareholder value.

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