Bayhorse CEO converts debenture into 1.97M shares

2018-03-20 13:47 ET - News Release

Mr. Graeme O'Neill reports

BAYHORSE SILVER INC - ISSUANCE OF SHARES IN SETTLEMENT OF DEBT

Bayhorse Silver Inc.'s chief executive officer, Graeme O'Neill, has converted a $394,883.50 convertible debenture into 1,974,418 common shares at a price of 20 cents per share. In connection therewith, Mr. O'Neill has elected to accept 102,747 common shares in settlement of $22,090.57 in interest owing to him, which shares were issued at a price of 21.5 cents per share, being the closing price of the company's stock on the settlement date of March 7, 2017. The issuance of the debt settlement shares is subject to TSX Venture Exchange approval.

About Bayhorse Silver Inc.

Bayhorse Silver, a junior exploration company, has earned a 100-per-cent interest in the historical Bayhorse silver mine in Oregon, United States. Bayhorse is also earning a 75-per-cent interest in the past-producing Bridging the Gap project, consisting of Asarco's historical Crown Point, Silver King, Ranger, Wyoming, Curlew and Blackhawk silver-lead-zinc mines in Idaho's Silver Valley. The company has an experienced management and technical team with extensive exploration and mining expertise.

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