July 22, 2019 BHS2019-21
Bayhorse Silver Inc. BHS: TSX-V (the “Company” or “Bayhorse”) announces that it has closed its previously announced non-flow through non-brokered private placement at a price of $0.075 per unit for gross proceeds of $330,000 (the “Non-Flow Through Units”).
Each Non-Flow Through Unit consists of one common share and one transferable common share purchase warrant exercisable into one common share of the Company at an exercise price of $0.125 cents for a period of thirty-six months from the date of issuance.
Proceeds of the financing are to fund the Bayhorse Silver Mine and for general and administrative costs.
The shares issued under the placement are subject to a four month hold period until November 23, 2019.
Bayhorse CEO, Graeme O’Neill, has subscribed for a total 1,966,667 Non-Flow Through Units of the private placement, and has sold, in addition to those transactions disclosed in the Company’s news release, BHS2019-18, both through private transactions, and through the facilities of the TSX Venture Exchange, 200,000 common shares of the Company to facilitate his subscriptions.
This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its contents.
On Behalf of the Board.
Graeme O’Neill, CEO
Bayhorse Silver Inc., a junior exploration company, has earned 100% interest in the historic Bayhorse Silver Mine Oregon, USA. and has optioned the Brandywine, precious metals rich, volcanogenic massive sulphide property located in B.C., Canada. The Company has an experienced management and technical team with extensive exploration and mining expertise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.