BAYHORSE INCREASES FLOW-THROUGH FINANCING AND CLOSES FINAL TRANCHE Bayhorse Silver Inc, BHS: TSX -V (the “Company” or “Bayhorse”) has, subject to TSX Venture Exchange approval, increased its previously announced 5 million Unit Flow -Through Private
August 6, 2020 BHS2020-18
BAYHORSE INCREASES FLOW-THROUGH FINANCING AND CLOSES FINAL TRANCHE
Bayhorse Silver Inc, BHS: TSX -V (the “Company” or “Bayhorse”) has, subject to TSX Venture
Exchange approval, increased its previously announced 5 million Unit Flow -Through Private
Placement from 5,000,000 Units to 5,300,000 Units and closed the final tranche of 1,940,000 Units
for gross proceeds of $ 242,500. Each Flow-Through Unit will consist of one common share of the
Company and one transferable common share purchase warrant exercisable into one common share
of the Company at an exercise price of $0.20 cents for two years from date of issuance.
The funds raised are for the purpose advancing the Company’s readily accessible Brandywine, BC
Volcanogenic Massive Sulphide (VMS) High Grade Gold Project, close to Vancouver, BC.
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.
Rick Low, an Officer of the Company has subscribed for a total of 100,000 Units of the placement.
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. The Company has an
experienced management and technical team with extensive mining expertise surrounding
exploration and building mines.