Bayhorse Silver (TSE:BHS) has released an update.
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Bayhorse Silver Inc. has arranged to pay off C$120,000 of debt owed to its officers, directors, and employees by issuing 3,000,000 common shares at C$0.04 each, pending TSX Venture Exchange approval. Key officers, including the CEO, CFO, and Corporate Secretary, will receive shares as part of the debt settlement, which is a related party transaction exempt from certain requirements.
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