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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

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Post by Gknighton Dec 27, 2017 2:52pm
193 Views
Post# 27232630

News!

News!

 

Bayhorse closes $300,000 first tranche of financing

 

2017-12-27 08:24 ET - News Release

 

Mr. Graeme O'Neill reports

BAYHORSE SILVER INC CLOSES 1,500,000 UNITS OF PREVIOUSLY ANNOUNCED FINANCING

Bayhorse Silver Inc., subject to TSX Venture Exchange approval, has closed its first tranche of previously announced financing for 1.5 million units at 20 cents per unit for gross proceeds of $300,000.

Each unit consists of one common share and one transferable common share purchase warrant at an exercise price of 30 cents, exercisable for a period of 24 months from issuance.

The funds raised will be for operating capital for the Bayhorse silver mine, and for general and corporate purposes.

Finder fees may be payable on a portion of the financing according to the policies of the TSX-V. Graeme O'Neill, an officer and director of the company, has subscribed for 1.15 million units.

The company advises it is not basing its decision to produce on a feasibility study of mineral reserves demonstrating economic and technical viability and also advises there is increased uncertainty and specific economic and technical risks of failure associated with its production decision.

About Bayhorse Silver Inc.

Bayhorse Silver is earning an 80-per-cent interest in the historic Bayhorse silver mine, Oregon. Bayhorse is also earning a 75-per-cent interest in the past-producing Bridging the Gap project, consisting of ASARCO's historic Crown Point, Silver King, Ranger, Wyoming, Curlew and Blackhawk silver/lead/zinc mines in Idaho's Silver Valley.

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