- Bayhorse Silver (BHS) has announced a non-brokered private placement for gross proceeds of $320,000.
- The company will issue up to 8,000,000 NFT units at C$0.04 per unit
- The funds will be used to advance the company’s Brandywine gold project
- Bayhorse Silver Inc. is an exploration and production company
- Bayhorse Silver Inc. (BHS) is down 11.11 per cent on the day, trading at C$0.04 per share at 11:15 am ET
Bayhorse Silver (BHS) has announced a non-brokered private placement for gross proceeds of $320,000.
The company will issue up to 8 million non-flow-through units at $0.04 per unit. Each unit will consist of one common share and one transferable share purchase warrant. Each purchase warrant is exercisable into one common share for two years.
The funds will be used to advance the company’s Brandywine gold project in BC.
Securities issued under this placement will be subject to a statutory four-month hold period.
The company has granted 200,000 incentive stock options to senior Bayhorse Mine operations personnel. The options are exercisable at $0.15 cents per share for five years.
Bayhorse Silver Inc. is an exploration and production company with a 100 per cent interest in the Bayhorse Silver Mine located in Oregon. The company also has the option to acquire an 80 per cent interest in the Brandywine high-grade silver/gold property located in B.C.
Bayhorse Silver Inc. (BHS) is down 11.11 per cent on the day, trading at C$0.04 per share at 11:15 am ET.