BAYHORSE CLOSES NON-BROKERED PRIVATE PLACEMENT TRANCHES Bayhorse Silver Inc. BHS: TSX -V (the “Company” or “Bayhorse ”) announces that, subject to the approval of the TSX-V, it has closed a first tranche of its previously announced non-brokered private
December 3, 2019 BHS2019-35
BAYHORSE CLOSES NON-BROKERED PRIVATE PLACEMENT TRANCHES
Bayhorse Silver Inc. BHS: TSX -V (the “Company” or “Bayhorse ”) announces that, subject to the
approval of the TSX-V, it has closed a first tranche of its previously announced non-brokered private
placement consisting of 1,300,000 flow-through units at $0.1 25 cents per unit, for gross proceeds of
$162,500, and 800,000 non-flow through units at $0.125 cents for gross proceeds of $100,000
Proceeds are to advance the Company’s Brandywine project, in British Columbia, Canada , the
Bayhorse Silver Mine, Oregon, USA, and for general and corporate purposes.
Bayhorse CEO, Graeme O’Neill has subscribed for 1,200,000 flow-through Units and 800,000 non
flow through units for gross proceeds to the Company of $250,000. He has funded his subs criptions
through the sale, both privately, and through the facilities of the TSX Venture Exchange , of
2,500,000 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 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.
The Company has, subject to Exchange approval, ex tended the expiry dates of 1,524,500 warrants
expiring December 27, 2019, 2,231,500 warrants expiring January 18, 2020, and 3,768,500 warrants
expiring March 2, 2020, to March 2, 2021. The warrants are exercisable into common shares of the
Company at $0.30 cents per share.
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 , and has optioned the Brandywine , precious metals
rich, volcanogenic massive sulp hide property located 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 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.