BAYHORSE SILVER Closes First Tranche of Non-Brokered Private Placement.
November 29, 2020 BHS2020-28
BAYHORSE SILVER Closes First Tranche of Non-Brokered Private Placement.
Bayhorse Silver Inc. (BHS: TSX-V) (the “Company” or “Bayhorse”) announces that it has closed a
first tranche of its flow-through non-brokered private placement announced on November 26, 2020.
The Company raised gross proceeds of $200,000 from issuing 1,600,000 flow-through Units at $0.125
cents per Unit.
Each flow-through Unit consists of one common share and one transferable common share purchase
warrant, with each warrant exercisable into one common share of the Company at $0.20 per common
share two years from the date of issuance.
Bayhorse CEO, Graeme O’Neill, has subscribed for 130,000 Units. He has funded his acquisition
through the sale, both privately and through the facilities of the TSX Venture Exchange of 200,000
shares of the Company. Rick Low, an Officer of the Company, has subscribed for 100,000 Units. The
securities issued are subject to a hold period of four months and a day from date of issuance.
The flow-through private placement is to fund the Harrison Gold exploration and earn in program.
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
1-866-399-6539
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.
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, an option to acquire an 80% interest on the
Brandywine, precious metals rich, volcanogenic massive sulphide property, and is earning a 50%
interest in the Harrison Gold Project, located in B.C., Canada. The Company has an experienced
management and technical team with extensive mining expertise surrounding exploration and building
mines.