BAYHORSE Silver Announces Non-Brokered Private Placements.
November 26, 2020 BHS2020-26
BAYHORSE Silver Announces Non-Brokered Private Placements.
Bayhorse Silver Inc. (BHS: TSX-V) (the “Company” or “Bayhorse”) The Company announces the closing of its non flow through and flow-through non-brokered private placements announced on October 5, 2020. The Company raised gross proceeds of $182,000 from issuing 1,213,333 flowthrough Units at $0.15 cents per Unit. Each non flow-through Unit consists of one common share and one transferable common share purchase warrant, with each warrant exercisable into one common share of the Company at $0.20 per common share two years from the date of issuance. The securities issued are subject to a hold period of four months and a day from date of issuance.
The Company announces, subject to TSX-V approval, a flow-through and non flow-through private placement. The flow-through private placement Units will consist of 7,800,000 Units, at $0.125 cents per Unit for gross proceeds of $975,000. Each Unit will consist of one common share and one half of one transferable common share purchase warrant, with each whole warrant exercisable into one common share of the Company at $0.20 per common share two years from the date of issuance.
The non flow-through private placement Units will consist of 6,000,000 Units at $0.125 for gross proceeds of $750,000. Each non flow-through Unit will consist of one common share and one half of one transferable common share purchase warrant, with each whole warrant exercisable into one common share of the Company at $0.20 per common share two years from the date of issuance.
The flow-through private placement is to fund the Harrison exploration and earn in program and the non flow-through private placement for working capital and general corporate purposes and the Bayhorse Mine
This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its content.
On Behalf of the Board, Graeme O’Neill, CEO [email protected] 1-866-399-6539
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.
About Bayhorse Silver Inc.
Bayhorse Silver Inc. is an exploration and production company with a 100% interest in the historic Bayhorse Silver Mine located in Oregon, USA, an option to acquire an 80% interest on the Brandywine, precious metals rich, volcanogenic massive sulphide property, and is earning a 50% interest in the Harrison Gold Project, located in B.C., Canada. The Company has an experienced management and technical team with extensive mining expertise surrounding exploration and building mines.