July 22, 2019 BHS2019-21
Bayhorse Silver Inc. BHS: TSX-V (the “Company” or “Bayhorse”)
that it has closed its previously announced non-flow through non-brokered
private placement at a price of $0.075 per unit for gross proceeds of $330,000
(the “Non-Flow Through Units”).
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
Proceeds of the financing are to fund the Bayhorse Silver Mine and for general and administrative costs.
The shares issued under the placement are subject to a four month hold
period until November 23, 2019.
Bayhorse CEO, Graeme O’Neill, has subscribed for a total 1,966,667 Non-Flow Through Units of the private placement, and has sold, in addition to those transactions disclosed in the Company’s news release, BHS2019-18, both through private transactions, and through the facilities of the TSX Venture Exchange, 200,000 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 B.C.,
Canada. The Company has an experienced management and technical team with
extensive exploration and mining expertise.
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.