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Enter Symbol
or Name
USA
CA



Bayhorse Silver Inc
Symbol BHS
Shares Issued 249,479,290
Close 2023-10-05 C$ 0.015
Market Cap C$ 3,742,189
Recent Sedar Documents

Bayhorse Silver closes $90,000 private placement

2023-10-05 18:10 ET - News Release

Subject: BHS2023-09 NR For Dissemination Word Document File: '\\swfile\EmailIn\20231005 150409 Attachment BHS2023-09.docx' October 5, 2023 BHS2023-09 BAYHORSE CLOSES PRIVATE PLACEMENT Bayhorse Silver Inc, (BHS: TSX-V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the "Company" or "Bayhorse") announces that, subject to the approval of the TSX Venture Exchange, it has closed its 6 million Unit non-brokered private placement, for gross proceeds of $90,000. Each unit consists of one common share, and one transferrable common share purchase warrant, each warrant exercisable into one common share of the Company at a price of $0.05 cents per common share for a period of 15 months from issuance. Bayhorse Silver CEO, Graeme O'Neill, has subscribed for 6 million units of the private placement. He has funded his subscription partly through arranged sales and through the facility of the TSX Venture Exchange. This participation by Bayhorse's CEO constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the units acquired by the insider, nor the consideration for the units paid by such insider, exceed 25% of the Company's market capitalization. The funds received are to complete the deficiencies on the Company's full operating permit application for the Bayhorse Silver Mine, to complete the reclamation of the Flagstaff property and for general and administrative expenses. Securities issued under this placement are subject to a hold period expiring on February 6, 2024. 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/antimony 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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