Bayhorse Closes Its Non-Brokered Flow-Through Private Placement of 3,500,000 Units FOR Gross Proceeds of $350,000.
December 31, 2021 BHS2021-23
BAYHORSE CLOSES ITS NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT OF
3,500,000 UNITS FOR GROSS PROCEEDS OF $350,000.
Bayhorse Silver Inc, (BHS: TSX-V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the “Company”
or “Bayhorse”) has, subject to TSX Venture Exchange approval, closed its recently announced non-
brokered private placement of 3,500,000 Units at $0.10 cents per Unit for gross proceeds of
$350,000. Each Flow -Through Unit will consist of one common share of the Company a nd one
transferable common share purchase warrant at $0. 10 cents per Unit. Each common share purchase
warrant is exercisable into one common share of the Company at an exercise price of $0. 15 cents for
two years from date of issuance.
The funds raised are for the purpose s of advancing the Company’s Brandywine gold project 40
minutes by paved highway north of Vancouver, BC.
Finder fees may be payable on a portion of the financing not taken 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 contents.
On Behalf of the Board,
Graeme O’Neill, CEO
1-866-399-6539
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 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 mineralization per day and the ability to
process and supply 3,600 tons per year of silver/copper concentrate ranging between 7,500 to 15,000
g/t using standard f lotation processing 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 responsibility for the adequacy or accuracy of this
release.