Wir verwenden Cookies, um Ihnen eine optimale Funktion der Webseite zu ermöglichen. Wenn Sie weitersurfen, stimmen Sie der Cookie-Nutzung zu. Mehr erfahren
In Ihrem Webbrowser ist JavaScript deaktiviert. Um alle Funktionen dieser Website nutzen zu können, muss JavaScript aktiviert sein.
RohstoffWelt - Die ganze Welt der Rohstoffe HomeKontaktRSS
Powered by: Powered by GoldSeiten.de
 
[ Druckversion ]
Bayhorse Silver Inc.
Bayhorse Silver Inc.
Registriert in: Kanada WKN: A1XA1U Rohstoffe:
Art: Originalaktie ISIN: CA07278W1095 Gold
Silber
Rohöl
Heimatbörse: TSX Venture Alternativ: BHSIF
Währung: CAD    
Symbol: BHS.V Forum:

Bayhorse Silver Closes First Tranche of Non-Brokered Private Placement

27.06.2014 | 21:50 Uhr | Marketwired

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 27, 2014) - Bayhorse Silver Inc. ("Bayhorse" or the "Company") (TSX VENTURE:BHS), announces that, subject to TSX-V approval, it has closed a first tranche of 1,500,000 Units of its previously announced 5,000,000 Unit non-brokered private placement, for gross proceeds of $150,000.

Each Unit consists of one (1) common share and one (1) transferable common share purchase warrant, with each warrant exercisable into one (1) common share of the Company at an exercise price of $0.15, exercisable for a period of 30 months from the date of issuance.

The proceeds of the private placement will be used for the Bayhorse Silver Project, New Zealand Gold Projects, and general and administrative costs.

Mr. Graeme O'Neill, a director and officer of the Company, subscribed for 900,000 Units of the placement and upon completion of the placement, will hold 3,057,212 common shares, representing 14.7% of the Company's issued and outstanding shares. The price of the Units was determined in accordance with the policies of the TSX Venture Exchange. The acquisition of Units by insiders under the private placement was exempt from the formal valuation and minority approval requirements of Multilateral Instrument 61-101 pursuant to sections 5.5(a) and 5.7(a) of that instrument.

All securities issued under the private placement are subject to a four-month hold period which expires October 28, 2014.

Bayhorse Silver Inc. is a junior exploration company that is earning an 80% interest in its newly acquired historic Bayhorse Silver Mine that has the potential for a substantial silver discovery. It has a 100% interest in its three major high grade New Zealand gold prospects (Alexander River, Paparoa and Red Queen), in the highly prolific West Coast South Island gold fields of New Zealand, which offers investors the potential for a major gold discovery.

The Company has a 30% Net Profit Interest in the Flagstaff barite mine in Washington State, where work is currently in progress. The Company has an experienced management and technical team with extensive exploration expertise. This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its contents.

ON BEHALF OF THE BOARD

Graeme O'Neill, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contact

Bayhorse Silver Inc.
Graeme O'Neill
President
(604) 684-3394

 
Bookmarken bei Mister Wong Furl YiGG Wikio del.icio.us Webnews
A A A Schriftgröße
 
 
 
© 2007 - 2024 Rohstoff-Welt.de ist ein Mitglied der GoldSeiten Mediengruppe
Es wird keinerlei Haftung für die Richtigkeit der Angaben übernommen! Alle Angaben ohne Gewähr!
Kursdaten: Data Supplied by BSB-Software.de (mind. 15 min zeitverzögert)

Werbung | Mediadaten | Kontakt | AGB | Impressum | Datenschutz