Bayhorse Settles Debt
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May 25, 2022 BHS2022-10
BAYHORSE SETTLES DEBT
Bayhorse Silver Inc (BHS: TSX-V, BHSIF: OTCQB, 7KXN: FRANKFURT) (“Bayhorse” or the “Company”) settles convertible debt plus accrued and unpaid interest.
The Company is amending its news release issued on May 18, 2022. Subject to the approval of the TSX Venture Exchange, the Company has settled $352,935 of convertible debenture plus accrued and unpaid interest of $30,635.91 through the issuance of 7,671,418 common shares of the Company at a price of $0.05 per share, which was the closing price of the Company's stock on the settlement date of May 17, 2022. In accordance with the TSX Venture Exchange rules, the shares issued are subject to a hold period of four months plus a day from the date of issuance.
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, CEO 604-684-3394
About Bayhorse Silver Inc.
Bayhorse Silver Inc. is an exploration and production company with a 100% interest in the historic Bayhorse Silver Mine located in Oregon, USA. With state of the art Steinert Ore-Sorting technology reducing waste rock entering the processing stream by up to 85%, we have created a minimum environmental impact facility capable of mining 200 tons of mineralization per day and the ability to process and supply 3,600 tons per year
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of silver/copper concentrate ranging between 7,500 to 15,000 g/t using standard flotation processing at its milling facility in nearby Payette County, Idaho, USA, with an offtake agreement in place with Ocean Partners UK Limited. The Company also has an option to acquire an 80% interest in the Brandywine high grade silver/gold property located in B.C. Canada. The Company has an experienced management and technical team with extensive mining expertise in both exploration and building mines.
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.
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