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Bayhorse Silver Inc V.BHS

Alternate Symbol(s):  BHSIF

Bayhorse Silver Inc. is a junior natural resource company, which is engaged in the acquisition, exploration and development of natural resource properties. The Company has a 100% interest in the Bayhorse Silver Mine, Oregon United States of America. The Bayhorse Silver Mine and the Pegasus Project are 44 kilometers (km) southwest of Hercules Metals’ porphyry copper discovery. The Company also has an option to acquire an 80% interest in the Brandywine Property located in British Columbia, Canada. The Brandywine Property is located near Squamish, British Columbia.


TSXV:BHS - Post by User

Bullboard Posts
Post by vortexdmon Feb 04, 2014 6:50pm
176 Views
Post# 22172139

NEWS: BHS Distribution of Silcom Shares

NEWS: BHS Distribution of Silcom Shares

Bayhorse Silver distribution of Silcom shares

2014-02-04 16:15 ET - Dividend Declared

 

The TSX Venture Exchange has approved Bayhorse Silver Inc.'s plan of arrangement dated Nov. 8, 2013, under Section 288 of the Business Corporations Act (British Columbia) involving the company and Silcom Systems Inc., as disclosed in the company's information circular dated Nov. 15, 2013. The arrangement was approved by a special resolution passed by the shareholders of Bayhorse at a meeting held on Dec. 13, 2013. The arrangement received approval from the Supreme Court of British Columbia on Jan. 24, 2014.

Pursuant to the arrangement, the company has agreed to transfer $100,000 of its working capital to Silcom. These transfers will be effected pursuant to the arrangement. Under the arrangement, the existing shareholders, in exchange for their common shares, will receive one new common share and one-quarter of a Silcom common share, determined in accordance with the Silcom reorganization ratio, as applicable, for every existing common share held on the effective date.

 

Distribution per share:  one-quarter of a share of Silcom Systems Inc.

 

 

Payable date:  Feb. 12, 2014

 

 

Record date:  Feb. 10, 2014

Ex distribution date:  Feb. 6, 2014

 

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