Bayhorse Silver Closes 600,000 Unit Final Tranche of Flow-Though Private Placement

Posted on Jun 27, 2015 in News Release

APRIL 8, 2015 – BHS2015-15

Bayhorse Silver Inc. (the “Company” or “Bayhorse”) announces that, subject to TSX-V final approval, it has closed the final tranche of 600,000 Units at $0.10 cents Unit of its previously announced non-brokered flow-through private placement for gross proceeds of $60,000.

Each Unit consists of one (1) flow through common share and one (1) transferable non flow through common share purchase warrant, with each warrant exercisable into one (1) common share of the Company at an exercise price of $0.15, exercisable for a period of 24 months from the date of issuance.

The funds raised are for the Little Swan light oil project in Saskatchewan.

Mr. Graeme O’Neill, a director and officer of the Company subscribed for the 600,000 Units of the placement and upon completion of the placement will hold 3,797,000 common shares, representing 14.8% of the Company’s issued and outstanding shares. The price of the units was determined in accordance with the policies of the TSX Venture Exchange. The acquisition of units by insiders under the private placement was exempt from the formal valuation and minority approval requirements of Multilateral Instrument 61-101 pursuant to sections 5.5(a) and 5.7(a) of that instrument.

All securities issued under the private placement are subject to a four-month hold period which expires August 8, 2015.