Bayhorse Silver Inc. announced that it has received CAD 0.11 million in funding.
On January 17, 2015, Bayhorse Silver Inc. closed the transaction. The company has issued 2,200,000 units for gross proceeds of CAD 110,000. The company has paid the finder's fee of CAD 2,450 and 49,000 agent's warrants that are exercisable into common shares at CAD 0.10 per share for a 24 month period. Graeme O'Neill, Chief Executive Officer, President, and Director of the company subscribed for 300,000 units in the transaction. All securities issued under the private placement are subject to a four-month hold period which expires May 20, 2015. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 10 places. The company received $37,500 (CAD 44,873.3) from four investors pursuant to exemption provided under Regulation D. The conversion was made through www.oanda.com on January 20, 2015.