Bayhorse Closes Non-Brokered Private Placement Tranche
December 31, 2019 BHS2019-39
BAYHORSE CLOSES NON-BROKERED PRIVATE PLACEMENT TRANCHE
Bayhorse Silver Inc. BHS: TSX-V (the “ Company” or “ Bayhorse”) announces that, subject to the
approval of the TSX-V, it has closed a second tranche of its previously announced non-brokered
private placement consisting of 2,100,000 flow-throu gh units at $0.125 cents per unit, for gross
proceeds of $262,500. Each flow through unit consists of one common share and one transferable
common share purchase warrant exercisable into one common share of the Company at an exercise
price of $0.25 for a period of twenty-four months from the date of issuan ce (the “Warrant”). The
Company paid $8,750 cash and issued 70,000 Warrants as finder’s fee.
In accordance with the TSX Venture Exchange rules, the shares issued are subject to a four month
plus a day hold period from the date of issuance.
Proceeds are to advance the Company’s Brandywine project in British Columbia, Canada.
Bayhorse CEO, Graeme O’Neill, has subscribed for 1,000,000 flow-through units for gross proceeds
to the Company of $125,000. He has funded his subs criptions through the sa le, both privately and
through the facilities of the TSX Venture Excha nge, of 1,250,000 common shares of the Company.
Bayhorse CFO, Rick Low, has subscribed for 100,000 flow through shares for gross proceeds to the
Company of $12,500.
In addition to any other exemption available to the Company, participation in the non-brokered
private placement is also open to a ll 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.
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 producti on company with a 100% interest in the historic
Bayhorse Silver Mine located in Oregon, USA, and has optioned the Brandywine, precious metals
rich, volcanogenic massive sulphide property lo cated in B.C., Canada. The Company has an
experienced management and technical team with extensive mining expertise surrounding
exploration and building mines.
Neither the TSX Venture Exchange nor its Regulation Se rvices Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.