Bayhorse Silver Announces Asset Disposition

Posted on Jan 23, 2014 in News Release

Bayhorse Silver Inc. (the “Company”)  reports that, subject to the approval of the TSX Venture Exchange (TSX-V) it has disposed of its shareholding in Archean Star Resources inc (Archean) in a private, off market, arm’s length transaction.  The Bayhorse board believes the sale, which is non-dilutive, is in the best interests of the Company. Gross proceeds received for the sale of the 9,981,413 common shares it held of Archean was $748,606.

 

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Bayhorse Silver Inc. is a junior exploration company with a 100% interest in its three major high grade New Zealand gold prospects (Alexander River, Paparoa and Lyell), in the highly prolific West Coast South Island gold fields of New Zealand, where it offers investors the potential for a major gold discovery and is earning an 80% interest in its newly acquired historic Bayhorse Silver Mine that has the potential for a substantial silver discovery. The Company has an experienced management and technical team with extensive exploration expertise. This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its contents.

ON BEHALF OF THE BOARD

“Graeme O’Neill”

President

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.

Caution Regarding Forward-Looking Statements – This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company, The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf except as required by law.