Bayhorse Silver Inc. announced a non-brokered private placement of 15,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 750,000 on December 5, 2023. Each unit will consist of one common share and one transferrable common share purchase warrant. Each warrant will be exercisable into one common share at a price of CAD 0.10 per common share for a period of 24 months from the date of issuance.

The company may pay finder fees on a portion of the financing not taken down by insiders according to the policies of the TSX Venture Exchange. The securities issued under this placement will be subject to a four month plus a day hold period from the date of issuance. The transaction is subject to the approval of the TSX Venture Exchange.