April 25, 2017 BHS2017-06
Bayhorse Silver Announces $750,000 Financing – Closes $250,000 First Tranche.
Bayhorse Silver Inc. (the “Company” or “Bayhorse“) announces that, subject to TSX-V approval, it is conducting a non-brokered private placement of up to 5,000,000 Units at $0.15 per Unit for gross proceeds of up to $750,000.
Each Unit will consist of one (1) common share and one (1) transferable common share purchase warrant, with each warrant exercisable into one (1) common share of the Company at an exercise price $0.25, exercisable for a period of 24 months from the date of issuance.
The funds raised will be used for the Bayhorse silver project, as well as general and administrative costs.
Finder fees may be payable on a portion of the financing not taken down by insiders according to the policies of the TSX-V.