May 18, 2022 BHS2022-09
BAYHORSE SETTLES DEBT
Bayhorse Silver Inc (BHS: TSX-V, BHSIF: OTCQB, 7KXN: FRANKFURT) (“Bayhorse” or the “Company”) settles convertible debt plus accrued and unpaid interest.
Subject to the approval of the TSX Venture Exchange, the Company has settled $256,680 of convertible debenture plus accrued and unpaid interest of $21,940.12 through the issuance of 5,572,402 common shares of the Company at a price of $0.05 per share, which was the closing price of the Company’s stock on the settlement date of May 17, 2022. In accordance with the TSX Venture Exchange rules, the shares issued are subject to a hold period of four months plus a day from the date of issuance.
This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its contents.