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VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 8, 2014) - Bayhorse Silver Inc. ("Bayhorse" or the "Company") (TSX VENTURE:BHS) reports that it has received a loan for the sum of C$198,000 (the "Loan"). The Loan is for a term of 12 months, is unsecured and bears interest at the rate of 12% per annum, compounded quarterly and payable quarterly in arrears. The Company has issued a promissory note for the Loan. As additional consideration for the Loan, the Company has agreed to issue 330,000 bonus shares, that are equal to 20% of the principal amount of the Loan issued at a deemed price of $0.12 per share (the "Bonus Shares"). |
