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07:05:51 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Bayhorse Silver Inc
Symbol BHS
Shares Issued 249,479,290
Close 2023-09-25 C$ 0.015
Market Cap C$ 3,742,189
Recent Sedar Documents

Bayhorse Silver to issue two million shares for debt

2023-09-25 18:30 ET - News Release

Subject: BHS2023-08 NR Word Document File: '\\swfile\EmailIn\20230925 150415 Attachment BHS2023-08.docx' September 25, 2023 BHS2023-08 BAYHORSE ANNOUNCES SHARES FOR DEBT SETTLEMENT Bayhorse Silver Inc, (BHS: TSX-V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the "Company" or "Bayhorse") announces that it has agreed to settle outstanding indebtedness owing indirectly to Graeme O'Neill, CEO and a director of the Company, in the sum of C$30,000 by the issuance of an aggregate of 2,000,000 common shares in the capital stock of the Company at a price of $0.015 per share, which transaction is subject to the approval of the TSX Venture Exchange. Mr. O'Neill currently directly and indirectly holds 8,571,075 common shares of the Company and following closing of the shares for debt settlement will have ownership and control of 10,571,075 common shares representing 4.75% of the issued and outstanding shares of the Company. The issuance of the debt settlement shares to Mr. O'Neill constitutes a "related party transaction" under MI 61-101. The Company is exempt from the MI 61-101 valuation and minority approval requirements for related party transactions in connection with the shares for debt transaction under sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value (as determined under MI 61-101) nor the fair market value of the consideration for the transaction exceeds 25% of the Company's market capitalization (as determined under MI 61-101). This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its content. On Behalf of the Board. Graeme O'Neill, CEO 866-399-6539, 604-684-3394 About Bayhorse Silver Inc. Bayhorse Silver Inc. is an exploration and production company with a 100% interest in the historic Bayhorse Silver Mine located in Oregon, USA. With state of the art Steinert Ore-Sorting technology reducing waste rock entering the processing stream by up to 85%, we have created a minimum environmental impact facility capable of mining 200 tons of mineralization per day and the ability to process and supply 3,600 tons per year of silver/copper concentrate ranging between 7,500 to 15,000 g/t using standard flotation processing at its milling facility in nearby Payette County, Idaho, USA, with an offtake agreement in place with Ocean Partners UK Limited. The Company also has an option to acquire an 80% interest in the Brandywine high grade silver/gold property located in B.C. Canada. The Company has an experienced management and technical team with extensive mining expertise in both exploration and building mines. 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.

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