BAYHORSE SILVER Extends Known Strike Of Silver Mineralization At Bayhorse Silver Mine, Realizes Over $1.8 Million In Warrant and Stock Option Exercises To The Company
April 26, 2021. BHS2021-09
Bayhorse Silver Inc. (BHS: TSX-V) (the “Company” or “Bayhorse”) is pleased to report that since the beginning of this year, the Company has realized in excess of $1,800,000 into the treasury through warrant and stock option exercises.
The Company reports that through recent underground drilling and sampling, the main mineral zone has been extended over 100 feet past the historic 1984 workings. Drilling and sampling continues to delineate the further extension of high grade mineralization at the Bayhorse Silver Mine, Oregon, USA..
To assist continued operations, Bayhorse CEO Graeme O’Neill has exercised 8,196,691 million warrants and options for gross proceeds to the Company of $1,146,000. To fund his exercises he sold, in an arranged transaction to an individual buyer through the CHI-X, a total of 5,177,500 shares of the Company
The Company announces the grant 2.5 million Incentive Stock Options to Officers, Directors, Consultants and Employees of the Company that fully vest on the grant date and are exercisable for five years at $0.25 cents per share.
This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its content. Dr. Stewart Jackson, P.Geo., a Qualified Person and Consultant to the Company has prepared, supervised the preparation of, and approved the technical content of this press release.
On Behalf of the Board,
Graeme O’Neill, CEO