Bayhorse Silver Closes Private Placement
June 18, 2025 BHS2025-13
Bayhorse Silver Closes Private Placement
Bayhorse Silver Inc, (BHS: TSX -V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the “Company”
or “Bayhorse”) announces that it has closed the final tranche of its non-brokered private placement
that was announced on May 5, 2025, of 7,612,500 units for gross proceeds of $ $304,500.
Each Unit will consist of one common share, and one transferable common share purchase warrant.
Each warrant will be exercisable into one common share of the Company at a price of C$0.06 cents
per common share for a period of 24 months from the date of issuance.
The funds received are to conduct the diamond drilling program on the recently identified IP low -
resistivity targets at the Bayhorse Silver Mine (25%), an IP survey to further define drill targets on the
Pegasus Project to test for the presence of a porphyry copper deposit (30%), to advance the final
Bayhorse Mine permitting (25%), and for general and administrative expenses (20%).
Subject to the approval of the TSX Venture Exchange, the Company will pay cash finder’s fees of
$15,428 and issue 385,700 finder’s warrants, which are exercisable into one common share of the
Company at a price of $0.06 cents per common share for a period of 24 months from the date of
issuance.
Securities issued under this private placement are subject to a hold period expiring on October 19,
2025.
Bayhorse Silver CFO, Rick Low, has subscribed for 750,000 units of the private placement. This
participation by Bayhorse’s 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 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.
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
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 the Pegasus Project, in Washington County, Idaho.
The Bayhorse Silver Mine and the Pegasus Project are 44 km southwest of Hercules Metals’ porphyry
copper discovery. The Bayhorse Mine includes a state of the art Steinert Ore -Sorting technology
reducing waste rock entering the processing stream by up to 85% . The Company has created a
minimum environmental impact facility capable of mining 200 tons of mineralization per day and the
ability to 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.