Bayhorse Silver Amends Previously Announced Private Placement

Posted on Jul 22, 2019 in News Release

July 22, 2019                                                         BHS2019-20

Bayhorse
Silver Inc. BHS: TSX-V
(the “Company” or “Bayhorse“)  announces that, subject to the approval of the
TSX Venture Exchange, it has increased its previously announced  non-flow through non-brokered private
placement to consist of 4,400,000 units at a price of $0.075 per unit for gross
proceeds of $330,000 (the “Non-Flow
Through Units
”), to raise an aggregate of $330,000 (the “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 months from the date
of issuance.

In
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
participating jurisdictions.

Proceeds of the financing are to fund the Bayhorse Silver Mine and for general and administrative costs.

On
Behalf of the Board.

Graeme
O’Neill, CEO

604-684-3394

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 B.C., 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.

MENU