Mr. Graeme O'Neill reports
BAYHORSE AMENDS NON-BROKERED PRIVATE PLACEMENT
Subject to the approval of the TSX Venture Exchange, Bayhorse Silver Inc. has amended its previously announced non-brokered private placement, consisting of four million flow-through units at 15 cents per unit and four million non-flow-through units at 12.5 cents per unit. The company is amending the price of the flow-through units to 12.5 cents per unit. Each flow-through and 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 25 cents for a period of 24 months from the date of issuance.
In addition to any other exemption available to the company, participation in the non-brokered 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 are to advance the company's Brandywine project and the Bayhorse silver mine and for general corporate purposes.
About Bayhorse Silver Inc.
Bayhorse is an exploration and production company with a 100-per-cent interest in the historical Bayhorse silver mine located in Oregon, United States. It has also optioned the precious-metals-rich Brandywine volcanogenic massive sulphide property located in British Columbia, Canada. The company has an experienced management and technical team with extensive mining expertise surrounding exploration and building mines.
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