May 29, 2019 BHS2019-17
BAYHORSE CLOSES FIRST TRANCHE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT
Bayhorse Silver Inc. BHS: TSX-V (the “Company” or “Bayhorse“) announces that, subject to the approval of the TSX Venture Exchange, further to its news release issued May 28, 2019, it has closed a first tranche of 1,300,000 non-flow-through Units (“Non-Flow Through Units”) for gross proceeds of $97,500, of its previously announced non-brokered private placement.
Each Non-Flow Through Unit consists of one common share and one transferable common share purchase warrant exercisable into one common share of the Company at an exercise price of $0.125 cents for a period of thirty six (36) months from the date of issuance.
Proceeds of the financing are to fund the upcoming exploration program on the Company’s newly acquired Brandywine gold/silver project, the Bayhorse Silver Mine, and for general and administrative costs.
On Behalf of the Board.
Graeme O’Neill, CEO
Bayhorse Silver Inc., a junior exploration company, has earned 100% interest in the historic Bayhorse Silver Mine, Oregon, USA. and has optioned the Brandywine, precious metals rich, volcanogenic massive sulphide property located in BC, Canada. The Company has an experienced management and technical team with extensive exploration and mining expertise.
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.