Bayhorse Silver 16.5-million-share private placement
2021-10-22 16:13 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 3, 2021.
Number of shares: 16.5 million shares
Purchase price: 13.5 cents per share
Warrants: 16.5 million share purchase warrants to purchase 16.5 million shares
Warrant exercise price: 22.5 cents for a two-year period
Number of placees: 14 placees
Insider: Graeme O'Neill, 6,032,075
Finders' fees: Canaccord Genuity Corp. -- $236.25 cash and 1,750 finders' warrants; StephenAvenue Securities Inc. -- $1890.00 cash and 14,000 finders' warrants
Each non-transferable finder warrant is exercisable into one common share of the company at a price of 22.5 cents per share for a two-year period.
Pursuant to corporate finance Policy 4.1, Section 1.9(e), the company issued news releases on Sept. 16, 2021, and Oct. 19, 2021, announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
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