Business
Bayhorse Silver Closes Warrant Exercise Incentive Program
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - Bayhorse Silver Inc. (TSXV: BHS) (OTCQB: BHSIF) (FSE: 7KXN) (the "Company" or "Bayhorse") announces the close of its warrant exercise incentive program (the "Incentive Program") as of 4:00 p.m. (PDT) on January 30, 2026. The warrants (the "Eligible Warrants") were issued in connection with a private placement that closed on February 1, 2021, and are exercisable to acquire one common share of the Company (a "Warrant Share") at a..
About this update from Bayhorse Silver Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - Bayhorse Silver Inc. (TSXV: BHS) (OTCQB: BHSIF) (FSE: 7KXN) (the "Company" or "Bayhorse") announces the close of its warrant exercise incentive program (the "Incentive Program") as of 4:00 p.m. (PDT) on January 30, 2026.","length":332,"tagName":"p"},{"type":"text","content":"The warrants (the "Eligible Warrants") were issued in connection with a private placement that closed on February 1, 2021, and are exercisable to acquire one common share of the Company (a "Warrant Share") at a price of $0.15 per Warrant Share until February 1, 2026 (the "Expiry Date"). Under the terms of the Incentive Program, each holder who exercised an Eligible Warrant prior to or on January 30, 2026 would receive, for each Eligible Warrant exercised, one additional common share purchase warrant (an "Incentive Warrant").","length":570,"tagName":"p"},{"type":"text","content":"Of the 20 million Eligible Warrants, 3,894,500 were exercised for gross proceeds of $584,175, with the remaining 16,105,500 warrants expiring unexercised on February 1, 2026. The Company will issue 3,894,500 Incentive Warrants that will expire on February 1, 2027. Securities issued under this Incentive Program will be subject to a hold period expiring on June 2, 2026.","length":370,"tagName":"p"},{"type":"text","content":"Each Incentive Warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of $0.16 per share for a period of 12 months from the date of issuance. In the event that the closing price of the Company's common shares equals or exceeds $0.22 for ten (10) consecutive trading days, the Company will be entitled to accelerate expiry of the Incentive Warrants by issuing a press release announcing the same and the Incentive Warrants will thereafter expire 30 calendar days from the date of such notice.","length":547,"tagName":"p"},{"type":"text","content":"The Incentive Program is subject to certain conditions, including the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange (the "TSXV").","length":197,"tagName":"p"},{"type":"text","content":"Bayhorse CEO, Graeme O'Neill, exercised 1,500,000 Eligible Warrants an...