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MarketScreener Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  Bayhorse Silver Inc.    BHS   CA07278W1095

BAYHORSE SILVER INC.

(BHS)
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BAYHORSE SILVER : Closes First Tranche of Non-Brokered Private Placement.

12/02/2020 | 11:51pm EST

November 29, 2020 BHS2020-28

Bayhorse Silver Inc. (BHS: TSX-V) (the 'Company' or 'Bayhorse') announces that it has closed a first tranche of its flow-through non-brokered private placement announced on November 26, 2020. The Company raised gross proceeds of $200,000 from issuing 1,600,000 flow-through Units at $0.125 cents per Unit.

Each flow-through Unit consists of one common share and one transferable common share purchase warrant, with each warrant exercisable into one common share of the Company at $0.20 per common share two years from the date of issuance.

Bayhorse CEO, Graeme O'Neill, has subscribed for 130,000 Units. He has funded his acquisition through the sale, both privately and through the facilities of the TSX Venture Exchange of 200,000 shares of the Company. Rick Low, an Officer of the Company, has subscribed for 100,000 Units. The securities issued are subject to a hold period of four months and a day from date of issuance.

The flow-through private placement is to fund the Harrison Gold exploration and earn in program.

This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its content.

Disclaimer

Bayhorse Silver Inc. published this content on 03 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 December 2020 04:50:07 UTC


© Publicnow 2020
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Financials
Sales 2019 - - -
Net income 2019 -1,90 M -1,50 M -1,50 M
Net Debt 2019 2,71 M 2,14 M 2,14 M
P/E ratio 2019 -5,10x
Yield 2019 -
Capitalization 12,9 M 10,2 M 10,2 M
EV / Sales 2018 -
EV / Sales 2019 -
Nbr of Employees -
Free-Float 89,5%
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Income Statement Evolution
Managers and Directors
NameTitle
Graeme James O'Neill Chief Executive Officer & Director
Rick Low President & Chief Financial Officer
John A. Cerenzia Independent Director
Corey Dean Klassen Independent Director
James Walker Independent Director
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