Bayhorse Increases and Closes Recent Private Placement
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August 16, 2022 BHS2022-15
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 $ 0.04 cents per Unit, to 12,750,000
units for gross proceeds of $510,000.
Each C$0.04 cent Unit will consist of one (1) common share and one (1) transferable common share
purchase warrant, with each warra nt exercisable into one (1) co mmon 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 proceeds of the financing are for the Bayhorse Silver Mine and Mill operations working capital,
for Brandywine exploration, and for general and administrative expenses.
The Company paid finder’s fee o f $700.00 in cash for the placem ent and issued 17,500 finder’s
warrants. Each finder’s warrant is 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.
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.
Bayhorse Silver CFO, Rick Low has subscribed for 275,000 Units in the private placement. This
participation by Bayhorse’s CEO and CFO 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 valuatio n 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.
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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.