- Bayhorse Silver (BHS) announced a private placement for total gross proceeds of up to $500,000
- The company will issue up to 6,000,000 flow-through units at $0.05 cents per unit and up to 4,000,000 units at $0.05 cents per unit
- Participation in non-brokered financing is open to all existing Canadian shareholders
- Bayhorse Silver Inc. is an exploration and production company with a 100 per cent interest in the Bayhorse Silver Mine located in Oregon
- Bayhorse Silver Inc. (BHS) is down 10.00 per cent on the day, trading at C$0.045 per share at 9:45 am ET
Bayhorse Silver (BHS) announced a private placement for total gross proceeds of up to $500,000.
The company will issue up to 6,000,000 flow-through units at $0.05 cents per unit and up to 4,000,000 units at $0.05 cents per unit.
The proceeds of the flow-through financing will be used to advance the company’s Brandywine gold project north of Vancouver, BC. The proceeds of the non-flow-through financing will be used to advance the Bayhorse Silver Mine and Mill operations.
Each non-flow through unit and flow-through unit will consist of one common share and one transferable common share purchase warrant. Each warrant is exercisable into one common share for a period of 24 months from the date of issuance.
Participation in non-brokered financing is open to all existing Canadian shareholders.
Finder fees may be payable on a portion of the financing.
Securities issued will be subject to a statutory four-month hold period.
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 10.00 per cent on the day, trading at C$0.045 per share at 9:45 am ET.