Bayhorse Increases and Closes Recent Private Placement
BAYHORSE
SILVER INC.
March 28, 2022. BHS2022-06
BAYHORSE INCREASES AND CLOSES RECENT PRIVATE PLACEMENT
Bayhorse Silver Inc, (BHS: TSX-V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the “Company”
or “Bayhorse”)
The Company announces that, subject to TSX-V Exchange approval, it has increased and closed its
non-brokered private placement from up to 10,000,000 Units at $0.08 cents per Unit, to 11,497,000
units for gross proceeds of $919,760 .
Each C$0.08 cent 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 $0.15 cents, exercisable fora period of 24 months from the date of issuance.
The proceeds of the financing is for the Bayhorse Silver Mine, for Mill operations working capital, for
full operating permit approval, that allows unlimited mining operations, and general and administrative
expenses.
The Company paid finder’s fee of $952.00 in cash for the Placement and issued 11,900 finder’s
warrants. Each finder’s warrant is exercisable into one (1) common share of the Company at an exercise
price of $0.15 cents, exercisable for a period of 24 months from the date of issuance.
Bayhorse Silver CEO, Graeme O’Neill has subscribed for 5 million Units in the Private Placement. He
has funded his subscription through arranged sales through the facility of the TSX Venture Exchange.
This participation by Bayhorse’s CEO constitutes a “related party transaction” as defined under
Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI
61-101”). Such participation is exempt from the formal valuation and minority shareholder approval
requirements of MI 61-101 as neither the fair market value of the Units acquired by the insider, nor the
consideration for the Units paid by such insider, exceed 25% of the Company’s market capitalization.
Securities issued under this placement will be subject to a four month plus a day hold period from the
date of issuance.
2501-4398 Buchanan St
Burnaby, BC, VSC 6R7
Canada
Ph: 604 684 3394
Toll free 866 399 6539
Fax: 888 684 0586
www.bayhorsesilver.com
BAYHORSE
SILVER INC.
The Company is not basing any decision to produce on a feasibility study of mineral reserves
demonstrating economic and technical viability and advises there is an increased uncertainty and
specific economic and technical risk of failure with any production decision. These risks include, but
are not limited to, (1) a drop in price of commodities produced, namely silver, copper, lead and zinc,
from the pricing used to make a production decision; (ii) failure of grades of the produced material to
fall within the parameters used to make the production decision; (iii) an increase in mining costs due
to changes within the mine during development and mining procedures; and (iv) metallurgical recovery
changes that cannot be anticipated at the time of production.
The Company also announces that, subject to the approval of the TSX-V Exchange, the Company has
extended the expiry date of the following warrants (all other terms remain unchanged):
a) Original expiry date of 4,530,000 warrants: April 2, 2022.
New expiry date of 4,530,000 warrants: October 2, 2022.
Exercise price of warrants: 10 cents.
b) Original expiry date of 7,420,000 warrants: April 17, 2022.
New expiry date of 7,420,000 warrants: October 17, 2022.
Exercise price of warrants: 10 cents.
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 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
2501-4398 Buchanan St
Burnaby, BC, VSC 6R7
Canada
—~ Ph: 604 684 3394
i Toll free 866 399 6539
Fax: 888 684 0586
www.bayhorsesilver.com
BAYHORSE
SILVER INC.
process and supply 3,600 tons per year of silver/copper concentrate ranging between 7,500 to 15,000
g/t using standard flotation 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.
2501-4398 Buchanan St
Burnaby, BC, VSC 6R7
Canada
Ph: 604 684 3394
Toll free 866 399 6539
Fax: 888 684 0586
www.bayhorsesilver.com