Bayhorse Increases and Closes Second Tranche of Non -Flow-Through Financing
July 10, 2020 BHS2020-15
BAYHORSE INCREASES AND CLOSES SECOND TRANCHE OF NON -FLOW-THROUGH
FINANCING
Bayhorse Silver Inc, BHS: TSX-V (the “Company” or “Bayhorse”) has, due to oversubscriptions,
and subject to the approval of the TSX Venture Exc hange, has increased the non -flow-through
portion of its previously announced 5 million Unit Private Placement to 6,756,562 million Units and
closed the second and final tranche of 3,950,000 Units of its previously announced 5 million non-
flow through Unit Private Placement for gross proceeds of $ 316,000. Each non-flow-through Unit
will consist of one common share at $0.08 cents per share and one transferable common share
purchase warrant exercisable at $0.18 cents for two years from date of issuance.
In addition to any other exemption available to the Company, participation in the non -brokered
financing 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 funds raised are for the purpose advancing the Company’s Brandywine project and for
optimizing the metallurgical work on the silver recovery from the upgrading, processing and refining
of silver mineralization from the Bayhorse Silver Mine, Oregon, USA., as well as general and
administrative purposes.
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.
Graeme O’Neill, a Director and Officer of the Company has subscribed for a total of 2,750,000 Units
of the placement . He has funded his subscription through the sale, both privately and through the
facilities of the TSX-Venture Exchange of 1,750,000 shares of the Company.
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, and an option on the Brandywine, precious metals
rich, volcanogenic massive sulphide property located in B.C., Canada. T he Company has an
experienced management and technical team with extensive mining expertise surrounding
exploration and building mines.