|By Marketwired .||
|June 27, 2014 03:51 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/27/14 -- 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.
Bayhorse Silver Inc.
Feb. 10, 2016 01:15 AM EST Reads: 226
Feb. 10, 2016 12:45 AM EST Reads: 385
Feb. 10, 2016 12:45 AM EST Reads: 182
Feb. 10, 2016 12:00 AM EST Reads: 188
Feb. 10, 2016 12:00 AM EST Reads: 369
Feb. 9, 2016 11:45 PM EST Reads: 299
Feb. 9, 2016 10:15 PM EST Reads: 228
Feb. 9, 2016 06:00 PM EST Reads: 189
Feb. 9, 2016 06:00 PM EST Reads: 476
Feb. 9, 2016 05:00 PM EST Reads: 156
Feb. 9, 2016 04:00 PM EST Reads: 594
Feb. 9, 2016 04:00 PM EST Reads: 199
Feb. 9, 2016 03:45 PM EST Reads: 135
Feb. 9, 2016 03:15 PM EST
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
Feb. 9, 2016 03:00 PM EST Reads: 237