Mr. Douglas Eacrett reports
PRIVATE PLACEMENT FINANCING
Baroyeca Gold & Silver Inc. has agreed to a non-brokered private placement of up to $250,000 of its securities, consisting of the sale of up to 25 million shares in the capital of the company at a price of one cent per share.
The proceeds from the private placement will be used to pay outstanding accounts payable and for general and administrative expenses and continuing operating costs for the company.
The private placement is subject to acceptance for filing by the TSX Venture Exchange.
The company is not proceeding with the private placement announced on Oct. 7, 2016.
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