Bayhorse Amends Non-Flow Though Private Placement
December 7, 2022 BHS2022-20
BAYHORSE AMENDS NON-FLOW THOUGH PRIVATE PLACEMENT
Bayhorse Silver Inc, (BHS: TSX-V , BHSIF: OTCQB, 7KXN: FRANKFURT ) (the “Company”
or “Bayhorse”)
The Company announces that, subject to TSX Venture Exchange approval, its previously announced
non-brokered non-flow through private placement for up to 4,000,000 units at $0.05 cents per unit for
gross proceeds of $200,000, has been amended to 8,000,000 Units at $0.04 cents for gross proceeds
of $320,000.
Each non-flow through 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 of $0.10 cents, exercisable for a period of 24 months from the date of issuance. The
previously announced flow through financing terms remain unchanged.
The proceeds of the non-flow through financing are for the Bayhorse Silver Mine Mill operations
working capital and for general and administrative expenses.
The Company is now ready and preparing a silver/copper concentrate container shipment to Ocean
Partners. (MSDS) The shipment was delayed for a number of reasons, including low silver prices,
lack of container availability, and drastically increased shipping costs.
In addition to any other exemption available to the Company, pa rticipation in the non-brokered
financing is also open to all existing Canadian 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.
Finder fees may be payable on a portion of the financing not ta ken down by insiders according to the
policies of the TSX-V Exchange.
Securities issued under this placement will be subject to a four month plus a day hold period from the
date of issuance.
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, 604-684-3394
About Bayhorse Silver Inc.
Bayhorse Silver Inc. is an exploration and production company w ith a 100% interest in the historic
Bayhorse Silver Mine located in Oregon, USA. With state of the art Steinert Ore-Sorting technology
reducing waste rock entering the processing stream by up to 85% , we have created a minimum
environmental impact facility capable of mining 200 tons of min eralization per day and the ability to
process and supply 3,600 tons p er year of silver/copper concent rate ranging between 7,500 to 15,000
g/t using standard flotation pro cessing at its milling facility in nearby Payette County, Idaho, USA,
with an offtake agreement in place with Ocean Partners UK Limited. The Company also has an option
to acquire an 80% interest in the Brandywine high grade silver/ gold property located in B.C. Canada.
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 res ponsibility for the adequacy or accuracy of this
release.