July 3, 2019 BHS2019-19
BAYHORSE CLOSES 2ND
TRANCHE OF PRIVATE PLACEMENT
Bayhorse Silver Inc. BHS: TSX-V (the “Company” or “Bayhorse”)
announces that, subject to the approval of the
TSX Venture Exchange, it has closed a second tranche of 1,933,333 Units of its
previously announced non-brokered private placement at a price of $0.075 per
unit for gross proceeds of $145,000 (the “Non-Flow
Through Units”) for a total of $242,500 received to date.
Unit consists of one flow-through common share and one transferable common
share purchase warrant exercisable into one non-flow through common share of
the Company at an exercise price of $0.125 cents for a period of thirty six
months from the date of issuance.
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 months from the date
addition to any other exemption available to the Company, participation in the Private
Placement 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
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.
With the Silver/Gold Ratio hitting over 93 ounces of silver to one of gold,
for only the third time since 1941, it is appropriate to reflect on nine recent Silver Articles. They
demonstrate just how far in the left, right, outfield silver pricing is today
compared to gold, and the potential for a barn burner rally to below 60 to 1. Silver One, Silver Two, Silver Three, Silver Four, Silver Five, Silver Six, Silver Seven, Silver Eight, Silver Nine
Bayhorse CEO, Graeme O’Neill, has subscribed for a
total 1,800,000 Non-Flow Through Units of the private placement to date, and
has sold, both through private transactions, and through the facilities of the TSX
Venture Exchange, 1,850,000
common shares of the Company to facilitate his subscriptions.
This News Release has been prepared on behalf of
the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility
for its contents.
Behalf of the Board.
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