Bayhorse Silver Announces It Has Increased Its Previously Announced Private Placement To 25 Million Units For Ongoing Work at The Bayhorse Silver Mine and IP Survey On Its Adjacent Pegasus Project, Idaho, USA, as well as Shares for Debt Settlement.
September 10, 2025. BHS25-21
Bayhorse Silver Announces It Has Increased Its Previously Announced Private Placement To 25
Million Units For Ongoing Work at The Bayhorse Silver Mine and IP Survey On Its Adjacent Pegasus
Project, Idaho, USA, as well as Shares for Debt Settlement.
Bayhorse Silver Inc, (BHS: TSX -V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the “Company”
or “Bayhorse”) announces, subject to the approval of the TSX Venture Exchange, a n up to twenty-
five-million-unit non -brokered private placement at f our cents per unit for gross proceeds of
$1,000,000.
Each unit will consist of one common share and one transferable common share purchase warrant.
Each warrant will be exercisable into one common share of the C ompany at a price of six cents per
common share for a period of 24 months from the date of issuance.
The funds received are to conduct an IP survey (48%) to further define drill targets on the Pegasus
Project for both Bayhorse style silver mineralization and test for the presence of a porphyry copper
deposit, to advance the final Bayhorse Mine permitting (31%), and for general and administrative
expenses (21%).
None of the private placement proceeds will be paid to non-arm's-length parties or persons conducting
investor relations activities. In addition to any other exemption available to the company, participation
in the non-brokered financing is also open to all existing shareholders, even if not accredited investors,
under the existing shareholder exemption of National Instrument 45-106 as promulgated in Multilateral
CSA notice 45-313 in participating jurisdictions.
Finders' fees may be payable on a portion of the financing not taken down by insiders according to the
policies of the TSX Venture Exchange.
In addition, the Company has agreed to settle outstanding indebtedness owing indirectly to Donna
Moroney, Corporate Secretary of the Company, in the sum of C$59,579 by the issuance of an aggregate
of 1,489,475 common shares in the capital stock of the Company at a price of $0.0 4 per share, which
transaction is subject to the approval of the TSX Venture Exchange.
The issuance of the debt settlement shares constitutes a "related party transaction" under MI 61 -101.
The Company is exempt from the MI 61-101 valuation and minority approval requirements for related
party transactions in connection with the shares for debt transaction under sections 5.5(a) and 5.7(1)(a)
of MI 61 -101 as neither the fair market value (as determined under MI 61 -101) nor the fair market
value of the consideration for the transaction exceeds 25% of the Company's market capitalization (as
determined under MI 61-101).
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
866-399-6539
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 with a National Instrument 43-101 inferred resource of
292,300 tons at a grade of 21.65 opt (673 g/t) for 6.3 million ounces of silver. (Turner et al. 2018) and
the Pegasus Project, in Washington County, Idaho. The Bayhorse Silver Mine and the Pegasus Project
are 44 km southwest of Hercules Metals’ porphyry copper discovery. The Bayhorse Mine is a
minimum environmental impact facility capable of processing at a mining rate up 200 tons/day that
includes a state of the art 40 ton per hour Steinert Ore -Sorter that reduces waste rock entering the
processing stream by up to 85%. The Company has established an up to 60 ton/day mill and standard
flotation processing facility in nearby Payette County, Idaho, USA. The Company has an experienced
management and technical team with extensive mining expertise in both exploration and building
mines.
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.