- Bayhorse Silver (BHS) has announced a C$1.62 million non-brokered private placement
- The company will use the proceeds to extend its underground drilling program and for continued sorting and processing of mineral concentrate
- Participation in the financing is open to all existing shareholders, even if not accredited investors, in participating jurisdictions
- Bayhorse Silver is focused on silver and gold projects in Canada and the U.S.
- Bayhorse Silver (BHS) is down by 3.45 per cent and is currently trading at $0.14 per share
Bayhorse Silver (BHS) has announced a C$1.62 million non-brokered private placement.
The company will offer up to 12,000,000 units at $0.135 per unit.
Each unit consists of one common share and one transferable common share purchase warrant.
Each warrant is exercisable into one common share priced at $0.225 for a period of 24 months from the date of issuance.
Bayhorse CEO, Graeme O’Neill, intends to participate for up to six million units.
Participation in the financing is open to all existing shareholders, even if not accredited investors, in participating jurisdictions.
Bayhorse will use the proceeds to extend its underground drilling program to a minimum of 1,500 m, for continued sorting and processing of mineral concentrate at the Bayhorse Silver Mine, and for general and administrative expenses.
Bayhorse Silver is focused on silver and gold projects in Canada and the U.S.
Bayhorse Silver (BHS) is down by 3.45 per cent and is currently trading at $0.14 per share as of 2:52 pm ET.